Michael Saylor's Strategy sold about $334 million of its own MSTR shares last week but did not buy or sell any bitcoin, a rare pause for the largest corporate holder of BTC.

The company sold roughly 3.46 million shares between Aug 10 and 16. It used the cash for STRC preferred dividends, a $132 million buyback of STRC shares and a $149 million top-up that pushed its USD reserve to about $4.8 billion. Its bitcoin stack was left untouched.

The growing dollar reserve lets Strategy service dividends and interest on its preferred shares without selling any bitcoin, leaning on equity issuance rather than its BTC as a funding source.