Strategy‘s deployable USD Cash fell 45.3% during the week ended Nov. 1, from $242 million to $133 million, as preferred-stock buybacks exceeded its Bitcoin purchases. That balance is available for broader treasury uses. Strategy also held a separate $4.79 billion USD Reserve intended for preferred-stock dividends and debt interest. The company bought 811 Bitcoin between… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Strategy’s deployable cash falls 45% as buybacks outpace Bitcoin purchases
CR
CryptoSlateBy Oluwapelumi Adejumo
EXECUTIVE SUMMARY
Strategy‘s deployable USD Cash fell 45.3% during the week ended Nov. 1, from $242 million to $133 million, as preferred-stock buybacks exceeded its Bitcoin purchases. That balance is available for broader treasury uses. Strategy also held a separate $4.79 billion USD Reserve intended for preferred-stock dividends and debt interest. The company bought 811 Bitcoin between… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your
Key Takeaways
- Strategy’s deployable cash falls 45% as buybacks outpace Bitcoin purchases.
- Strategy‘s deployable USD Cash fell 45.3% during the week ended Nov.
- 1, from $242 million to $133 million, as preferred-stock buybacks exceeded its Bitcoin purchases.
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Published originally on CryptoSlate
