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🚨 A Strategy raises $333 million… but without buying Bitcoin
Strategy acquired about 3.46 million shares last week through an ATM program, raising roughly $333.7 million.
🟠 Despite the influx of liquidity, the company did not buy any new Bitcoin, keeping its holdings at 840,447 BTC with an average purchase price of $75,385 per coin.$BTC
💵 Meanwhile, it increased its cash reserves by about $150 million to reach $4.8 billion.
📡 I’ve been tracking it for you in the Forex News Brief
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🚢🛑 Navigation in the Strait of Hormuz is nearly completely halted (five ships on Saturday and zero on Sunday versus 130 before the war), as the 60-day ceasefire ends today without an agreement. The Wall Street Journal: Iran used the ceasefire to prepare for a confrontation with the biggest. • 📌🟡 The sudden implication: despite a halt in one-fifth of the world’s oil, Brent moved only 0.15% to $88, because the market now believes that “chaos is the norm” and has priced it in in advance. But any real escalation after the ceasefire ends could shatter this calm violently.
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