Strategy's USD Cash falls 60% in seven weeks to $640.5M
- —Strategy's USD Cash fell by about $970 million in less than seven weeks
- —Only $354.8 million of the $2 billion STRC buyback authorization remained as of October 11
- —The separate USD Reserve for coupons and dividends fell from $5.10 billion to $4.88 billion
- —Combined, the two USD reserves declined roughly 18%
Why it matters: Depleting reserves could limit Strategy's ability to support STRC and MSTR, raising questions about its bitcoin accumulation strategy.
Source: Protos