Peter Schiff: Strategy has used 92% of flexible cash since August 30, $133 million remains

Peter Schiff: Strategy has used 92% of flexible cash since August 30, $133 million remains
Strategy cash reserves down to $133 million

Strategy has depleted 92% of its flexible cash reserves since August 30, leaving only $133 million remaining.

Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, added that the company has already spent about $2.25 billion repurchasing STRC this year and at the current pace, the remaining cash could be exhausted within days.

Schiff has previously commented on banking sector penalties, including when U.S. regulators fined Bank of America $1.2 billion for anti-money-laundering violations. He also recently discussed market movements as gold dipped below $4,000, noting opportunities for buyers. These remarks add context to his current statements on the company's shrinking cash reserves.

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