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

Strategy's discretionary USD cash fell to $447.3 million on Oct. 18, down 72% from $1.61 billion on Aug. 30, as the company spent $193.1 million on STRC buybacks and $100,000 on Bitcoin purchases. The firm raised its preferred-stock repurchase authorization to $3 billion, having deployed $1.84 billion since July. Bitcoin holdings grew to 848,517 BTC for approximately $64.02 billion, financed partly by share sales.