Strategy’s discretionary cash falls 72% as buyback authorization rises to $3 billion
Strategy's discretionary USD Cash fell to $447.3 million as the company spent another $193.1 million on STRC buybacks and raised its preferred-stock repurchase authorization to $3 billion. The Michael Saylor-led company disclosed on Oct. 19 that it bought Bitcoin for $22.1 million at an average price of $82,900 over the previous week. The acquisitions increased… Read the full story on CryptoSlate…
Strategy's discretionary USD cash dropped 72% to $447.3 million after it spent $193.1 million on STRC buybacks and raised its preferred-stock repurchase authorization to $3 billion. The Michael Saylor-led firm also disclosed buying Bitcoin worth $22.1 million at an average price of $82,900 over the prior week. Traders will weigh the shrinking cash buffer and heavier buyback commitments against the continued, if smaller, BTC accumulation, which signals steady conviction but tighter liquidity.
