Strategy Buys Bitcoin, Pads Cash Reserves Following Biggest Weekly Stock Drop Since 2022 – Decrypt
In brief Strategy shares pared losses after it purchased 1,550 Bitcoin for $101 million, boosting its total holdings to 845,256 BTC. The company grew its cash position back to $1 billion after depleting most of that stockpile to repurchase debt weeks ago. The move follows the company’s first Bitcoin sale in years, which triggered its...
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