Source: CryptoSlate ↗
Strategy’s deployable cash falls 45% as buybacks outpace Bitcoin purchases
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What the source reports
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 Cry...
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