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Strategy Buys Bitcoin After Signaling Potential Sales
CoinDesk·
MicroStrategy has acquired an additional 535 bitcoin for approximately $43 million. This purchase comes just days after the company had indicated a potential willingness to sell some of its bitcoin holdings. The recent acquisition was financed through the sale of MicroStrategy's common stock, suggesting a strategic maneuver to increase its bitcoin reserves despite previous signals of possible divestment. This move underscores the company's ongoing commitment to its bitcoin acquisition strategy as a core component of its corporate treasury.
Tags
crypto
fintech
macro
Original Source
CoinDesk — coindesk.com