Business & Economy · 42 views
Strategy may sell up to $1.25 billion in Bitcoin to calm investor jitters
Strategy is shifting strategies as the Bitcoin behemoth seeks to quell fears over its financial health.
Summary
Strategy is shifting strategies as the Bitcoin behemoth seeks to quell fears over its financial health. On Monday, the company announced that it may sell up to $1.25 billion in Bitcoin to build its cash reserves, cover investor payouts, and fund stock buybacks to avoid issuing more equity.
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