Strategy (NASDAQ: MSTR) did not have fresh Bitcoin sales to report this week, with the main changes to the Saylor-led firm’s books coming from common stock sales that earned it $333.7 million, which it directed into paying dividends, buying back its own STRC preferred share and building its USD reserve to $4.8 billion.The firm’s Bitcoin reserve remained unchaged at the 840,447 tokens reported in earlier Cryptopolitan coverage.Did Strategy sell Bitcoin this week?The SEC filing submitted on Monday, August 17, revealed that Strategy did not sell any BTC for the first time in three weeks.Instead, the firm funded its $52.4 million in STRC dividend obligations and $132.2 million buyback of 1,388,720 STRC shares by selling 3,458,866 MSTR shares for $333.7 million. The rest of the funds it raised during the week went to topping up its dollar reserve by $150 million.As of this Cryptopolitan report, Strategy controls an 840,447 BTC stack that it paid $63.36 billion for. The firm’s USD stash is now up to $4.8 billion, enough to cover up to 2.8 years of dividend payments.Saylor’s firm held steady on its Bitcoin holdings. Source: Bitcoin TreasuriesThe pause hands Saylor fresh ammo in his debate with skeptics calling out Strategy’s recent offloads as signs that the firm has become a seller. The firm has not bought a single Bitcoin token since it unveiled a capital framework that authorizes up to $1.25 billion in BTC sales in June.In a July 31 post cited by Cryptopolitan, Saylor wrote that Strategy “never had a ‘never sell’ policy.” He added that the firm will return to adding to its stash in due time.Strategy sold 1,690 Bitcoin for $108.6 million in the week before this.Why Strategy is building cash reserveThe areas Strategy directed cash into signal the firm’s current priorities, with the largest ratio ($150 million) directed to lifting the firm’s dollar reserve to $4.8 billion. That cash injection pushed the firm’s “USD Duration,” which refers to the length of time it can fund preferred dividends and debt interest, by 41 days to 2.8 years.About $653 million remains under its preferred-stock repurchase authorization, and the separate $1 billion program to buy back MSTR common stock has not been touched.No STRF, STRK or STRD shares were sold or repurchased during the week.MSCI decision looms over the tradeThe capital maneuvering plays out against a threat to Strategy’s index status. MSCI has revived a consultation that could strip Strategy and Japan’s Metaplanet from its Global Investable Market Indexes under a new “non-operating companies” screen, Cryptopolitan reported. Feedback closes September 30, a decision is expected around October 16, and any removal would land at the November 2026 index review, potentially forcing $2 billion to $2.8 billion in passive selling.Strategy is pushing back publicly. In an August 14 post on X, the company said index providers “should measure markets, not decide which assets companies are allowed to own,” adding that “Bitcoin doesn’t need MSCI. Neither does Strategy.”Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.