USD Reserve
USD Reserve $4.88B on Oct 4, 2026 (USD Cash $833.4M of it), up from $3.75B on Jul 26, 2026.
The numbers
What it is
A cash reserve held in U.S. dollars to pay preferred dividends and interest. The company reports it in months or years of coverage, and it is built from equity proceeds and bitcoin sales.
Why it matters to the stock. The size of the reserve is the company's answer to whether it can keep paying preferred holders through a bitcoin drawdown. A shrinking reserve is the first warning signal.
News
Strategy buys 250 BTC for $21.5M and repurchases $192.4M of STRC, holdings 848,250
Strategy said on October 12 that it bought 250 bitcoin at an average of $86,194 for the period October 5 to 11, lifting holdings to 848,250 BTC.
Strategy holds 848,000 BTC after buying 334 BTC for $28.7M in Oct 1-4
An 8-K filed October 5, 2026 shows Strategy bought 334 bitcoin for $28.7 million between October 1 and 4, lifting holdings to 848,000 BTC, after no purchases on September 28 to 30.
Strategy 8-K: 1,665 BTC bought for $142.7M, holdings 847,666; STRC buybacks of $151.7M
Strategy's 8-K filed September 28 covers September 21 to 27.
Strategy buys back about $176M of STRC preferred; holdings unchanged at 845,050 BTC
According to a September 8, 2026 report, Strategy repurchased about 1.81 million STRC preferred shares for roughly $176.3 million in the week ended September 7, funded from USD Cash.
Strategy repurchases 1.39M STRC shares for $132.2M; no bitcoin trades in week to Aug 16
An 8-K filed August 17, 2026 covers August 10 to 16 and reports no bitcoin purchases or sales, with the USD Reserve at $4.80 billion.
Strategy sells 2.73M MSTR common shares for $263.5M in week to July 19
An 8-K filed July 20, 2026 shows Strategy sold 2,732,318 MSTR Class A shares through its at-the-market program for $263.5 million net, in the week of July 13 to July 19.
Strategy makes no bitcoin purchases in week to July 12 and reports USD Reserve of $3.0B
An 8-K filed July 13, 2026 covering July 6 to July 12 shows no bitcoin buys or sales and no STRC shares sold through the ATM.
Strategy discloses 3,588 BTC sold in late June and early July to fund preferred dividends
An 8-K filed July 6, 2026 reports that Strategy sold 1,363 bitcoin from June 29 to June 30 and 2,225 bitcoin from July 1 to July 5, for a combined 3,588 BTC.
Strategy lifts STRC dividend rate to 12.00% from July 1 record dates
Strategy said on June 29, 2026 that the STRC dividend rate will rise to 12.00% per annum for semi-monthly periods with record dates on or after July 1, 2026.
Strategy buys 520 bitcoin for $34.9M; USD Reserve reaches $1.4B
Strategy's 8-K dated June 22, 2026 reports 520 BTC bought between June 15 and June 21 for $34.9M, an average of $67,068, funded by ATM sales.
Strategy buys 1,587 bitcoin for $100M as MSTR ATM raises $209M
Strategy's 8-K dated June 15, 2026 reports 1,587 BTC bought between June 8 and June 14 for $100.0M, an average of $63,024, funded by ATM sales of common stock.
Strategy retires $1.5B of 2029 convertible notes for about $1.38B cash
Strategy repurchased and canceled $1.50B of principal of its 0% convertible notes due 2029, paying about $1.38B in cash, roughly an 8% discount to par.