Strategy adds $1.59 billion in cash and repurchases $136 million in STRC

Strategy will increase its US dollar reserves to $5.1 billion, add $1.59 billion in cash, and repurchase $136 million worth of $STRC. As of August 23, 2026, Strategy holds approximately 4% of the total Bitcoin supply, with a net leverage ratio of approximately 0%. USD cash is used to acquire Bitcoin, pay dividends and interest on preferred shares, repurchase MSTR/preferred shares, repay convertible bonds, and increase USD reserves. Assuming an annualized rate of return (ARR) of 10%, volatility of 40%, and price of $77004 for Bitcoin, the current duration of the US dollar is 3.9 years, and the STRC Bitcoin credit spread is 59 basis points.