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A Bitcoin Breather: Strategy Hits the Pause Button
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Strategy, co-founded by Bitcoin advocate Michael Saylor, hasn't purchased Bitcoin from June 30 to July 6, marking its first pause since March. The company holds 597,325 BTC, valued at $64.71 billion. Additionally, it plans to sell up to $4.2 billion in preferred stock for future acquisitions and corporate needs. Image(s) are kindly provided by Unsplash Quick analysis of the situation Well, folks, it seems even Bitcoin enthusiasts need a breather sometimes! Strategy, the company that could probably be described as Bitcoin's biggest cheerleader, has made headlines for something a bit unusual—an unexpected lull in acquisitions during the week of June 30 to July 6. Yes, you read that right: the company's Bitcoin-buying spree has taken a backseat for the first time since late March. Currently sitting on an impressive treasury of 597,325 BTC (worth approximately a jaw-dropping $64.71 billion), you’d think they’d be out there adding more coins to the vault like kids hoarding candy after...
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