Strategy Adds $525M to Cash Reserve, Skips Bitcoin Buy for Fifth Week
Decrypt·
60-second summary
The Bitcoin treasury firm is adding $525 million to its cash reserve, a significant boost to its liquidity, while skipping its weekly Bitcoin buy for the fifth consecutive week. It has also tapped its $1 billion preferred buyback program for the first time, spending $25 million on STRC, a strategic move to optimize its assets.
The Bitcoin treasury firm also tapped its $1 billion preferred buyback for the first time, spending $25 million on STRC.