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Home BlockchainStrategys Bitcoin Buying Accelerates as $48 Billion BTC Stash Sits Underwater
Blockchain

Strategys Bitcoin Buying Accelerates as $48 Billion BTC Stash Sits Underwater

by Decrypt
written by Decrypt 0 comments
Strategy’s Bitcoin Buying Accelerates as $48 Billion BTC Stash Sits Underwater

In brief

  • Strategy notched its fourth-largest Bitcoin purchase of the year.
  • The funds largely came from variable rate preferred shares.
  • Questions over Strategy’s debt have gone viral in recent days.

Strategy reported its fourth-largest Bitcoin purchase of the year on Tuesday, scooping up the digital asset with proceeds that partly came from preferred shares.

The Tysons Corner, Virginia-based firm purchased 2,500 BTC last week for $168 million, a press release showed. That lifted the company’s holdings…

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