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BREAKING: Strategy Raises $2B Selling MSTR Stock, Establishes 'USD Cash' Pot

Bitcoin pushed above $80,000 this week, its first time over that line since May.

But the one buyer who spent years getting in front of moves like this stayed out of it.

Strategy raised another $2 billion last week, selling 18.3 million of its own shares.

None of it went into bitcoin.

The company hasn't bought a coin since June, and this week it didn't sell one either.

Its stack sits where it's sat for weeks, 840,447 bitcoin, worth around $66 billion.

The proceeds went somewhere new instead.

Strategy set up a dedicated dollar account it's calling "USD Cash," dropped $1.59 billion into it, and said the balance could go toward buying bitcoin, covering its preferred dividends, or paying down debt.

Add the $5.1 billion reserve it was already holding, and the company is sitting on close to $6.7 billion in cash.

For years the machine ran one way.

Sell company stock at a premium to the coins on its books, buy more coins with the proceeds, repeat.

That loop only turns while the stock trades above the bitcoin behind it, and right now it barely does.

So Strategy keeps selling shares, but the cash stops at dollars now instead of becoming bitcoin.

The war chest is real, and management clearly wants room to use it.

Having the cash isn't the same as spending it, though.

While the biggest name in corporate bitcoin builds a pile of dry powder, the price ran past $80,000 without it.

The last time its buying went quiet, Bitcoin didn't wait around either.

Whether Saylor steps back in is a question about price now, not conviction, and every week he waits, the same cash buys fewer coins. 🚀

One company has developed a technology that extracts valuable resources from coal without burning it. From jet fuel to diesel and more, Frontieras North America has the potential to address $2.1  trillion in annual markets*.

It’s similar to when John D. Rockefeller commercialized oil refining technology. If Frontieras captures just 2% of the global coal market, they would position themselves as the global leader in the space.

They just broke ground for their $850 million flagship facility and reserved the ‘FASF’ NASDAQ ticker. Don’t miss your chance to join the next phase of growth: invest in Frontieras before the opportunity ends on August 27.

Learn More

^{Frontieras is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier II of Regulation A. A copy of the Final Offering Circular that forms a part of the Offering Statement may be obtained from: invest.frontieras.com.  Reservation of the ticker symbol is not a guarantee that we will be listed on the NASDAQ. Listing on the NASDAQ is subject to approvals.   Sources* The global market for our products is worth a combined value of over $2.1 trillion.}

Hunter Horsley just put a hard number on the money that kept buying while everyone else was heading for the door.

He runs Bitwise Asset Management, one of the largest crypto index managers, which gives him a live read on where institutional money is actually going.

Here's what he posted:

Over $1.8 billion flowed into Bitwise products in the first half of this year.

That's the half where Bitcoin was falling, sentiment was grim, and plenty of people had written the trade off.

More than $100 million went into each line on its own, its ETFs, private strategies, staking, and vaults.

When the price bleeds, small holders sell and swear off the asset.

The allocators writing these cheques do the opposite.

They work on a three-to-five-year clock, and a drawdown is when they add.

So the bid under this market didn't switch on last week when Bitcoin ran to nearly $80,000.

It was there the whole way down, building while the headlines said the asset was finished.

That changes how you read the rally.

A rally running on fresh momentum can leave as fast as it arrived.

But one standing on money that spent the whole bear accumulating is a sturdier thing.

A floor built through the bear doesn't crack just because the rally finally got loud. 🐻

Back to the ETF flow data, our weekly read on institutional appetite.

Green means money flowing in, red means it’s heading out.

And back to green, hard.

Bitcoin ETFs pulled in $1.92 billion last week, green on all five sessions, a clean reversal of the prior week’s $385 million bleed.

IBIT did $1.33 billion of that on its own, with Fidelity adding $293 million and Bitwise $127 million.

Ethereum swung with it.

The ether funds drew $693 million across their own five green sessions, erasing the $3 million outflow from a fortnight ago, and BlackRock’s ETHA carried $537 million of the haul.

IBIT’s week alone beat what the entire Bitcoin complex took in across the prior three weeks combined.

The flows that flip-flopped for a month have opened all the way. 📊

Coinbase Brings Tokenized Stocks to Ethereum L2 Base. Coinbase launched tokenized Apple, Nvidia, Meta and Alphabet shares on its Base network, custodied by Alpaca and tradeable by non-US users around the clock.

Standard Chartered becomes first bank to distribute Hong Kong dollar stablecoin. The bank, with about $850 billion in assets, will offer Anchorpoint's HKDAP stablecoin to eligible clients and partners.

Germany widens MiCA lead as latest EU register update adds 6 banks. Germany now counts 79 licensed crypto asset service providers under the EU's MiCA regime, keeping it ahead of France and the Netherlands.

Crypto exchange volumes double in five days as market activity rebounds. About $490 billion has traded on exchanges so far in August, down from $670 billion in July despite the recent pickup.

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Trivia Answer: The fee paid to run a transaction or smart contract 🥳

Gas measures the computational work a transaction requires, and users pay it in ETH to compensate validators for processing it.

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