Strategy’s USD Cash reserves have plummeted 60% from $1.61 billion on August 30 to $640.5 million on October 11, representing a depletion of approximately $970 million in under seven weeks. The company has spent most of these funds on STRC buybacks, a high-yield dividend stock sold to investors for $90-$100.03 per share before collapsing to $71.25. At the current depletion rate, USD Cash would run out in approximately four weeks. With buyback authorization capped at $2 billion, only $354.8 million remained available as of October 11.
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