Strategy’s deployable US dollar cash fell 45.3%, declining from $242 million to $133 million between Oct. 26 and Nov. 1. During the period, the company bought 811 BTC for approximately $66 million, increasing its holdings to 849,327 BTC acquired for an aggregate $64 billion. Strategy also spent a record $208 million to repurchase 2,092,035 STRC preferred shares, more than three times the amount spent on Bitcoin. The sale of MSTR common shares generated $164 million in net proceeds, with $99 million allocated to deployable cash and $66 million used to purchase BTC. A separate $4.79 billion reserve for preferred dividends and debt interest declined after the company paid $43 million in preferred-stock dividends.
Source: Read the original article
