Crypto

Strategy’s deployable cash falls 45% as buybacks outpace Bitcoin purchases

Strategy's deployable USD cash fell 45.3% to $133 million during the week ended Nov. 1.

The company spent $208 million on preferred-stock repurchases, exceeding its $66 million Bitcoin investment.

Strategy now holds 849,327 BTC acquired for a total of $64 billion.

The firm has spent over $2 billion on preferred-stock buybacks since launching the program in July.

Read the full story on NexVani Media

Read the full story