The week in cash
The announcement, made Aug. 24, shows the company holding steady at its cash position rather than adding to its bitcoin stash. It's the first time in recent months that Strategy has reported zero purchases in a single week. The company's cash pile now stands at $6.69 billion.
(Wait, "first time in recent months" - not given. Let me not say that.) Better: "The company's weekly report, issued Monday, showed no bitcoin purchases." But we don't know it's weekly. Let me just write: "The announcement, made Monday, showed no bitcoin purchases for the week." Then: "The company added the cash to its balance sheet and bought back preferred stock, a move that shifts capital away from the company's primary treasury asset." Hmm, "primary treasury asset" - not in facts. But I think it's implied. I'll rephrase: "Instead of using its capital to buy bitcoin,
