Strategy shares rise as $1.59 billion cash pool supports Bitcoin strategy

Strategy Inc. shares rose Monday alongside a sharp recovery in spot Bitcoin prices after the company disclosed a new $1.59 billion USD Cash liquidity pool in an SEC (U.S. securities regulator) filing. The pool was funded through the company’s at-the-market (ATM) equity offering program, which generated $2.01 billion in net proceeds from the sale of more than 18.2 million common shares between August 17 and August 23. Management allocated $1.59 billion to USD Cash, $300 million to increase the existing USD Reserve to $5.10 billion, and $136.4 million to repurchase Strategy Variable Rate Perpetual Stretch preferred stock. The new pool can support additional Bitcoin purchases, preferred dividends, debt service and share buybacks. Strategy held 840,447 Bitcoin as of Sunday, acquired for $63.36 billion at an average cost of $75,385 per coin. With Bitcoin above that cost basis, the holdings represented roughly 4% of global Bitcoin supply and had returned to an estimated paper profit of about $2.4 billion. Strategy shares were up 2.60% at $122.35 in Monday premarket trading, according to Benzinga Pro data.

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