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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.
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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.