In brief
- Strategy broke a 3-month streak of buying Bitcoin.
- The firm bought nearly $7 billion worth of BTC in Q2.
- It announced a $4.2 billion preferred stock offering of STRD to raise funds for more Bitcoin purchases.
Leading Bitcoin treasury firm Strategy did not purchase Bitcoin this week, ending a string of weekly purchases that extended to April 14.
“Some weeks you just need to HODL,” Strategy Chairman and co-founder Michael Saylor posted on X (formerly Twitter) on Sunday night, foreshadowing the company’s plans to stand pat on Monday.
The firm, which has now amassed a treasury of nearly $65 billion worth of Bitcoin, added nearly $7 billion of the top crypto asset during Q2 according to its most recent 8-K filing.
Yet S
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Author: Logan Hitchcock
