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MicroStrategy raised $3.28B in August but bought no Bitcoin, increasing cash reserves instead.

Market News
24 Aug 2026
BeInCrypto
View Source
Neutral
pluang ai news

In August, MicroStrategy sold $3.28 billion worth of its own stock but did not purchase any Bitcoin. Instead, the company increased its U.S. dollar reserves to $6.69 billion, splitting the funds between a reserve for dividends and debt interest and a separate cash pool for potential future Bitcoin purchases. Since June 22, MicroStrategy has sold 6,916 Bitcoin and paused buying despite a recent Bitcoin price surge. The company also repurchased $136 million of its preferred stock to reduce dividend obligations. Investors are watching to see if MicroStrategy will use its large cash reserves to buy Bitcoin now that prices have risen above their average cost.

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