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Saylor's Strategy Co.'s dollar cash reserves decreased by 60% to $640.5 million in seven weeks.
According to the latest disclosure, Michael Saylor's Bitcoin holding company, Strategy, saw its USD cash reserves plummet by 60% from $1.61 billion on August 30 to $640.5 million on October 11. The company used most of the cash to repurchase its ultra-high-yield stock, STRC, aiming to restore market confidence. Additionally, Strategy's other USD reserve (earmarked for bond interest and dividend payments) also decreased from $5.1 billion on August 30 to $4.88 billion on October 11. The combined USD reserves of both accounts declined by approximately 18%.
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