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Breaking: Strategy Buys Nearly $2 Billion Worth of Bitcoin
Strategy co-founder Michael Saylor teased the massive buy on Sunday and it appears he wasn’t joking. The company has announced a staggering purchase of nearly $2 billion worth of Bitcoin, sending shockwaves through the cryptocurrency market.
The enormous purchase had virtually no impact on the price of Bitcoin, with the cryptocurrency currently trading at $82,098 after previously dipping to $81,362.
It’s worth noting that Strategy shares are still down by more than 4% in pre-market trading following a brutal stock market correction. The company’s shares collapsed by 11% on Friday.
While this massive buy may have been expected given Michael Saylor’s stance on Bitcoin and the potential for long-term growth, it’s still a significant move that underscores the company’s commitment to its investment strategy.
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Source: https://u.today/breaking-strategy-buys-nearly-2-billion-worth-of-bitcoin
