MicroStrategy Pauses Bitcoin Buying, Consolidates $748M on Common Stocks
Strategy Inc, formerly MicroStrategy, has paused its Bitcoin purchases for the week, according to a recent SEC filing. Instead of buying BTC, the company raised approximately $748 million through sales of common stock and added these proceeds to its U.S. dollar cash reserves, bringing the total to $2.19 billion. Strategy holds 671,268 BTC, acquired for […]
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