menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Strategy B...
source image

Cryptoticker

2M

read

32

img
dot

Image Credit: Cryptoticker

Strategy Buys More Bitcoin But MSTR Stock Drops 7%

  • Strategy, formerly known as MicroStrategy, has purchased 4,020 BTC worth $427 million, increasing its total Bitcoin holdings to 226,331 BTC for a combined cost of $8.33 billion.
  • Despite the Bitcoin acquisition news, Strategy's stock (MSTR) fell by 7% on the day of the announcement due to concerns about exposure risk, profit-taking, and broader market sentiment.
  • Strategy's aggressive accumulation of Bitcoin signals strong institutional conviction in the cryptocurrency, contrasting with the cautious stance of many other corporates.
  • With Strategy's significant BTC purchase, totaling over 226,000 BTC, the firm's Bitcoin-first approach is viewed as a bullish signal for long-term adoption by the Bitcoin community.

Read Full Article

like

1 Like

For uninterrupted reading, download the app