Strategy Adds $1.9B to USD Reserve but Buys No Bitcoin as BTC Position Turns Green
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MicroStrategy, the world’s largest corporate holder of bitcoin, extended its no-buy pause for another week and again refrained from selling, according to co-founder Michael Saylor. The firm said it is bolstering USD reserves instead, a mixed signal for crypto markets that reduces near-term BTC demand while avoiding further sell-side pressure.
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The world’s largest corporate holder of bitcoin has extended its no-buy pause for yet another week. On the plus side, the company has refrained from selling again.
As announced by co-founder and former CEO Michael Saylor, Strategy has remained on the sidelines for another week in terms of BTC moves, but it continues to grow its USD reserve. This was done in a two-fold manner.
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