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

Strategy’s discretionary USD Cash fell to $447.3 million as the corporate spent one other $193.1 million on STRC buybacks and raised its preferred-stock repurchase authorization to $3 billion. The Michael Saylor-led firm disclosed on Oct. 19 that it purchased Bitcoin for $22.1 million at a mean worth of $82,900 over the earlier week. The acquisitions elevated…

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