Strategy Pauses Bitcoin Purchases Amid Market Volatility
- Strategy has not purchased Bitcoin since February 24, maintaining holdings at 499,096 Bitcoin.
- The company previously bought Bitcoin at an average price of $97,500 per coin.
- Spot Bitcoin ETFs saw outflows of $649 million as prices dipped below $80,000.
- Strategy’s stock fell by 18% in the past month to $265 but remains up 50% from last year.
- The firm raised $563 million through STRK offerings and plans to offer another $21 billion over time.
Strategy has paused its Bitcoin acquisitions since February, despite previous aggressive purchasing. The company is focusing on capital-raising strategies like STRK offerings amid market volatility and stock price fluctuations.
Source (2.6)https://decrypt.co/309938/when-will-strategy-buy-bitcoin-dip?rand=52368