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

Strategy’s deployable U.S. dollar cash fell 45.3% in the week ended Nov. 1, dropping to $133 million from $242 million. The decline occurred because preferred-stock buybacks exceeded the company’s Bitcoin purchases. That cash balance is available for broader treasury uses, while Strategy also held a separate $4.79 billion U.S. dollar reserve intended for preferred-stock dividends and debt interest. Strategy bought 811 Bitcoin.