Strategy Allocates $1.6 Billion Cash Pool for Treasury Operations, Including Bitcoin Purchases and Buybacks
Michael Saylor's Strategy has allocated approximately $1.6 billion in a new cash pool labeled 'USD Cash' to support future treasury operations such as bitcoin purchases, share buybacks, and other corporate activities. This liquidity reserve is distinct from an earlier one used for preferred stock dividends and debt interest payments. The company emphasized that the new fund offers greater flexibility during market downturns while allowing it to continue its aggressive strategy of acquiring bitcoin. The announcement follows a strong week for Bitcoin (BTC), which rose over 13% in five sessions after U.S. President Donald Trump called on Congress to establish clear digital asset regulations. BTC recently surpassed $70,000 but remains below the peaks seen earlier this year.
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