Strategy doubles down on Bitcoin buying to calm markets
TL;DR Summary
Strategy Inc. sold 1,409,600 Class A shares for $181 million to acquire 1,550 Bitcoin at an average price of $65,332, continuing its long-running accumulation program. The move counters last week's market panic and lifts Strategy’s Bitcoin holdings to over 845,000 coins (more than 4% of total supply), solidifying its status as the largest corporate holder of Bitcoin.
- Strategy resumes bitcoin buying spree, quelling market panic Investing.com
- Billionaire Michael Saylor’s Strategy Buys Bitcoin Dip With $100 Million Purchase Forbes
- Crypto mutiny on Strategy: Shorts target 'MSTR' in bitcoin bloodbath CNBC
- Bitcoin: Strategy's Sales Point To More Downside (Cryptocurrency:BTC-USD) Seeking Alpha
- Bitcoin Steadies After $60,000 Breach as Saylor Hints at Buying Bloomberg.com
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