Strategy didn’t buy BTC last week… but it just built a $1.57B war chest . #strategy didn’t add or sell any Bitcoin last week. Instead, it sold 18.26M MSTR shares, raising roughly $2.01B.
Here’s the interesting part: around $1.57B of that money was moved into a new USD Cash reserve. And that cash isn’t just sitting there doing nothing.
Strategy says the new pool can be used for future Bitcoin purchases, along with other corporate purposes. So there was no $BTC buy last week, but Strategy may have just loaded up the ammunition for its next one.
No #bitcoin purchase today. $1.57B ready for tomorrow.
Here’s the interesting part: around $1.57B of that money was moved into a new USD Cash reserve. And that cash isn’t just sitting there doing nothing.
Strategy says the new pool can be used for future Bitcoin purchases, along with other corporate purposes. So there was no $BTC buy last week, but Strategy may have just loaded up the ammunition for its next one.
No #bitcoin purchase today. $1.57B ready for tomorrow.
