Strategy boosts USD reserve with $748M stock sale, skips Bitcoin purchases
NeutralCryptocurrency

- The company recently sold approximately 4.5 million common shares, resulting in an increase of its cash reserves to $2.19 billion while halting Bitcoin purchases. This strategic move reflects a shift in focus towards strengthening liquidity amid market fluctuations.
- This development is significant as it indicates the company's prioritization of cash reserves over cryptocurrency investments, potentially positioning it for future opportunities or challenges in the financial landscape, especially in the volatile cryptocurrency market.
— via World Pulse Now AI Editorial System