That account, USD Cash, is described in the filing as a separately designated pool of dollar liquidity held for general Bitcoin treasury purposes. The list of those purposes is broad: acquiring Bitcoin, paying preferred dividends and interest, repurchasing MSTR or preferred stock, repaying or redeeming convertible notes, and topping up the dollar reserve. It stood at $1.59 billion as of August 23.
Two pots, different rulesStrategy Swings From $13 Billion Bitcoin Loss to $1.4 Billion Profit as BTC Rallies
The STRC buyback took in 1,431,212 shares and leaves $516.6 million of the $1 billion digital credit securities repurchase program announced on June 29. A separate $1 billion authorization covering MSTR stock remains untouched.
