Strategy Holds 840,447 BTC, Lifts Dollar Reserve to $4.8B

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tags), and meta description. Let's translate carefully. Title: "Strategy Holds 840,447 BTC, Lifts Dollar Reserve to $4.8B" -> "Strategy、840,447 BTCを保有し、ドル準備金を48億ドルに増額" or something. But "Strategy" is the company name, we can keep as "Strategy". Also "BTC" stays. "Dollar Reserve" -> "ドル準備金" or "米ドル準備金". $4.8B -> 48億ドル. So title: "Strategy、840,447 BTCを保有、ドル準備金を48億ドルに拡大" but "Lifts" -> "増やす" or "引き上げる". Let's do "Strategy、840,447 BTCを保有し、ドル準備金を48億ドルに拡大" or "Strategy、840,447 BTCを維持、ドル準備金を48億ドルに増加" but "Holds" means "保有" or "維持". The original "Holds" could be "維持" but also "保有". Since they kept unchanged, "維持" might be better. But title says "Holds 840,447 BTC" meaning they own that amount, not necessarily unchanged. But the article says "kept its bitcoin holdings unchanged" so "維持" is fine. Let's use "Strategy、840,447 BTCを維持、ドル準備金を48億ドルに増加" but that's a bit long. Actually "Lifts" -> "引き上げる" so "ドル準備金を48億ドルに引き上げ" but we can say "拡大" or "増加". I'll go with "Strategy、840,447 BTCを保有、ドル準備金を48億ドルに拡大" but "保有" doesn't imply unchanged. Maybe "Strategy、840,447 BTCを維持、ドル準備金を48億ドルに増額" but "増額" is for money. Let's do "Strategy、840,447 BTCを維持、ドル準備金を48億ドルに増加" but that's a bit literal. Alternatively "Strategyが840,447 BTCを維持、ドル準備金を48億ドルに増強" but "増強" is more like reinforce. I'll use "Strategy、840,447 BTCを維持、ドル準備金を48億ドルに拡大" - "拡大" means expand. Actually "Lifts" means raises, so "引き上げ" is good. "ドル準備金を48億ドルに引き上げ" - that works. So title: "Strategy、840,447 BTCを維持、ドル準備金を48億ドルに引き上げ" - but "引き上げ" is more like raise. Also "Holds" is "維持" but also "保有". Since they didn't change, "維持" is appropriate. Let's finalize: "Strategy、840,447 BTCを維持、ドル準備金を48億ドルに引き上げ" - but that's a bit long. Alternatively "Strategyが840,447 BTCを維持、ドル準備金を48億ドルに増額" but "増額" is for amount of money. I'll go with "Strategy、840,447 BTCを維持、ドル準備金を48億ドルに拡大" - but "拡大" is more like expansion. Actually "Lifts" means increases, so "増加" is fine. I'll use "Strategy、840,447 BTCを維持、ドル準備金を48億ドルに増加" - but that's not very natural. Let me think: In Japanese financial news, they might say "Strategy、BTC保有量を840,447 BTCに維持、ドル準備金を48億ドルに増強" but that's too long. Maybe we can simplify: "Strategy、BTC保有量を840,447 BTCに維持、ドル準備金を48億ドルに増加" - but the title should be concise. The original title is "Strategy Holds 840,447 BTC, Lifts Dollar Reserve to $4.8B" - we can translate as "Strategy、840,447 BTCを保有、ドル準備金を48億ドルに増加" but "保有" doesn't imply unchanged. However, the article says "kept its bitcoin holdings unchanged" so it's fine. I'll go with "Strategy、840,447 BTCを保有、ドル準備金を48億ドルに増加" - but "増加" is fine. Or "Strategy、840,447 BTCを維持、ドル準備金を48億ドルに増加" - "維持" is more accurate. I'll use "維持". So title: "Strategy、840,447 BTCを維持、ドル準備金を48億ドルに増加" - but "増加" is okay. Actually "Lifts" means "引き上げる" so "引き上げ" is better. Let's do "Strategy、840,447 BTCを維持、ドル準備金を48億ドルに引き上げ" - that is natural. I'll go with that. Now content translation. We need to translate each paragraph and headings. First paragraph: "Strategy kept its bitcoin holdings unchanged at 840,447 BTC through Aug. 16, while lifting its U.S. dollar reserve to $4.8 billion, the company disclosed in a Form 8-K filed with the SEC this month. The reserve build was funded by common-stock sales, repurchases of STRC preferred shares and preferred-stock dividends." Translation: "Strategyは、8月16日時点でビットコイン保有量を840,447 BTCに据え置く一方、米ドル準備金を48億ドルに引き上げたことを、今月SECに提出したForm 8-Kで開示した。この準備金の積み上げは、普通株式の売却、STRC優先株の買い戻し、優先株配当によって賄われた。" Note: "Form 8-K" is a form, we can keep as "Form 8-K" or "8-Kフォーム". Usually in Japanese financial news, they say "フォーム8-K" or "8-K". I'll keep "Form 8-K" as is. Also "SEC" is SEC. "common-stock sales" -> "普通株式の売却", "repurchases of STRC preferred shares" -> "STRC優先株の買い戻し", "preferred-stock dividends" -> "優先株配当". Also "reserve build" -> "準備金の積み増し" or "増強". I'll use "準備金の増加" or "積み増し". Let's say "この準備金の増加は、普通株式の売却、STRC優先株の買い戻し、優先株配当によって賄われた。" Now heading 2: "Bitcoin position stays put" -> "ビットコインのポジションは据え置き" or "ビットコイン保有は変わらず". I'll use "ビットコイン保有は据え置き". Paragraph: "The 840,447 BTC figure matches the last disclosure. Strategy didn't add to or trim its bitcoin stack this month, even as it raised cash on the equity side. For investors tracking the company's treasury strategy, the steady holding is a signal that management isn't selling into strength or buying the dip right now." Translation: "840,447 BTCという数字は前回の開示と一致しています。Strategyは今月、株式側で現金を調達したにもかかわらず、ビットコインの保有量を増やしたり減らしたりしませんでした。同社の財務戦略を追っている投資家にとって、この安定した保有は、経営陣が現在、高値での売却や押し目買いをしていないことを示すシグナルです。" Note: "treasury strategy" -> "財務戦略" or "トレジャリー戦略" but "財務戦略" is fine. "selling into strength" -> "高値で売る" or "強気のときに売る", "buying the dip" -> "押し目買い". So "高値での売却や押し目買い" is good. Third heading: "Where the cash came from" -> "資金の出どころ" or "現金の調達方法". I'll use "資金の調達源" or "資金の出所". Let's use "資金の出所". Paragraph: "The $4.8 billion reserve came from a mix of moves. Common-stock sales did the heavy lifting, with additional funds from rep