Strategy shares down 12% amid ongoing market volatility
Crypto Briefing
Strategy shares dropped 12% following market volatility, even as the company acquired 130 more BTC.Summary
Strategy shares experienced a 12% decline amid broader crypto market volatility, mirroring Bitcoin's drop near $85,000. Despite the stock pressure, the Bitcoin-focused treasury firm, led by Michael Saylor, announced the acquisition of an additional 130 BTC, bringing its total holdings to 650,000 BTC. Furthermore, the company established a $1.44 billion reserve, funded by recent ATM stock sales, to cover upcoming dividend and interest payments, with plans to expand this reserve to cover at least 24 months of obligations.
(Source：Crypto Briefing)