EconomyStrategy’s deployable cash falls 45% as buybacks outpace Bitcoin purchases
Strategy’s cash available for broader treasury uses fell 45.3% in the week ended Nov. 1, dropping from $242 million to $133 million as preferred-stock buybacks exceeded Bitcoin purchases. The company separately held a $4.79 billion reserve for preferred dividends and debt interest.
Strategy’s deployable cash falls 45% as buybacks outpace Bitcoin purchases
Economy