Strategy’s deployable cash falls 45% as buybacks outpace Bitcoin purchases
Summary
Strategy bought 811 Bitcoin for about $66 million in the week ended Nov. 1, raising its holdings to 849,327 BTC. It also repurchased roughly $208 million of STRC preferred shares, more than three times its Bitcoin spending and a weekly record. The company funded these activities partly through $164 million in MSTR stock sales, allocating $99 million to deployable cash and $66 million to Bitcoin. Despite that cash contribution, deployable USD Cash fell 45.3% to $133 million after the buybacks. A separate $4.79 billion reserve, used for dividends and debt interest, declined by $43 million.
