Strategy’s USD Cash down 60% in seven weeks
Photo: Protos
USD Cash at Michael Saylor’s BTC treasury company Strategy has fallen 60% from $1.61 billion on August 30 to $640.5 million on October 11, according to its latest disclosure this week. The firm has spent the majority of its USD Cash on STRC buybacks, Strategy’s ultra-high yield dividend stock that it sold to investors for $90 – 100.03 per share before those same shares briefly collapsed to $71.25 . Reinstilling confidence that the shares would trade near their intended $100 price has cost the company — especially common shareholders — extensive cash that the company mostly raised via common shareholder…
Source: Protos
