Strategy boosts USD reserve with $748M stock sale, skips Bitcoin purchases
A prominent company raises $748 million through a stock sale, boosting its USD reserve to $2.19 billion while pausing Bitcoin purchases.
USD reserves
Strategy Buys 0 BTC, Boosts USD Reserve
Strategy’s $750 million investment announcement excludes Bitcoin purchases, focusing instead on bolstering its USD reserve, sparking discussion on risk management and market confidence.
Billionaire Michael Saylor’s Strategy Boosts USD Reserves by $748M to $2.19B
Michael Saylor’s Strategy Inc. boosts USD reserves by $748M, reaching $2.19B. Analysts weigh in on whether this signals a hedging strategy or future Bitcoin buys.