Strategy Adds $1.9B to USD Reserve but Buys No Bitcoin as BTC Position Turns Green

The world’s largest corporate holder of bitcoin has extended its no-buy pause for yet another week. On the plus side, the company has refrained from selling again.

As announced by co-founder and former CEO Michael Saylor, Strategy has remained on the sidelines for another week in terms of BTC moves, but it continues to grow its USD reserve. This was done in a two-fold manner.

First, the firm increased its regular USD reserve to $5.1 billion, but it also established another – USD Cash – of $1.59 billion. Strategy also repurchased another $136 million worth of STRC, whose price continues to climb closer to the par level of $100.

The company announced its last sale on August 10, disposing of another 1,690 BTC. Since then, it has made no bitcoin moves.

Strategy’s latest announcement was the first since last week’s major surge in bitcoin prices, which drove the asset from under $65,000 to just over $78,000 as of press time.

Aside from the actual growth against fiat currencies, this big revival put the company’s massive position in profit for the first time in months. After all, Strategy’s average accumulation price is at around $75,400, and the firm spent approximately $63.3 billion to acquire it.

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Given the current market conditions, that substantial fortune is worth over $65.6 billion. Recall that the company’s position had tanked to an unrealized loss of over $10 billion a few months ago.