Strategy’s discretionary cash falls 72% as buyback authorization rises to $3 billion

Strategy's discretionary USD Cash fell to $447.3 million as the company spent another $193.1 million on STRC buybacks and raised its preferred-stock repurchase authorization to $3 billion. The Michael Saylor-led company disclosed on Oct. 19 that it bought Bitcoin for $22.1 million at an average price of $82,900 over the previous week. The acquisitions increased…

Read the full story on CryptoSlate

Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox