"Strategy forms new USD Cash reserve" Aug 24, 2026

Strategy sold 18 million shares of MSTR for approximately $2 billion between August 17th and August 23rd, with $136 million of the proceeds not allocated to Bitcoin transactions. The company allocated $300 million to increase its USD reserve to $5 billion and set aside the remaining $1.5 billion to establish a new USD cash liquidity pool.

Strategy's Bitcoin holdings are currently valued at about $66 billion, having been acquired for roughly $63 billion, resulting in approximately $2.4 billion in unrealized gains. This positions Strategy with control over roughly 4% of Bitcoin's maximum supply, indicating a significant influence in the cryptocurrency market.

In other developments, the Ethereum-based fixed rate lending protocol termed finance suffered an estimated loss of $8 million due to an attack that exploited a custom governance wrapper. Meanwhile, Zcash's ZAC experienced a surge of about 22%, reaching its highest level since 2018, as Grayscale moved closer to converting its Zcash trust into the first US ETF.

Bouncebit announced it will permanently shut down its standalone layer one and migrate BB to the BNB chain, reissuing it as a BEP 20 token using a pre-attack snapshot. Additionally, Gemini and Apex FinTech Solutions signed a non-binding letter of intent to distribute crypto prediction market contracts, although this agreement still requires finalization and carries inherent risks for investors.

Fassett successfully raised $68 million in a Series C funding round, achieving a valuation of $1 billion, reflecting strong investor confidence in its business model and growth potential.