Strategy adds nearly $1B in Bitcoin as market slump pressures MSTR stock
Cointelegraph
Strategy purchased $980.3 million in Bitcoin, increasing its total holdings to 671,268 BTC amid market pressure on its stock.Summary
Michael Saylor's company, Strategy, significantly expanded its Bitcoin holdings by acquiring 10,645 BTC for $980.3 million, bringing its total reserves to 671,268 BTC and solidifying its position as the largest corporate Bitcoin holder. This aggressive purchasing occurred despite a broader market slump that has pressured Strategy's stock, which has fallen nearly 62% since July. In response to market volatility and investor concerns, Strategy also announced the establishment of a $1.44 billion US dollar reserve to cover future dividend obligations for up to two years, aiming to address "FUD" (fear, uncertainty, and doubt).
(Source：Cointelegraph)