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Strategy Slows Bitcoin Buying Despite $427M New Acquisition, Competition Heats Up

  • MicroStrategy recently acquired an additional 4,020 BTC for about $427.1 million, funded largely by their $21 billion at-the-market offering.
  • The company's weekly capital raised decreased to $348.7 million compared to previous weeks, signaling a slowing rate of investment.
  • Strategy's utilization of their at-the-market program has decreased significantly, with average weekly raises falling to $788 million in recent weeks from $2.13 billion per week in the past.
  • Despite facing increased competition in the corporate Bitcoin accumulation race, MicroStrategy remains the largest corporate Bitcoin holder globally, playing a crucial role in institutional Bitcoin adoption.

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