✉news BusinessCrypto first seen 9 d ago, last 9 d ago, peak #36
Strategy raises $5.4B but barely buys bitcoin
Strategy, formerly MicroStrategy, has raised $5.4 billion, yet has bought little to no bitcoin with the proceeds, according to Protos. The gap between the fundraising and the actual bitcoin purchases is drawing attention from crypto observers, who are questioning what the company plans to do with the capital. Strategy has historically been the largest corporate holder of bitcoin.
Why now: The company is known for aggressive bitcoin buying, so raising billions without purchasing is unusual and fuels speculation about its plans.
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Evidence
- Strategy raises $5.4B but barely buys bitcoin · Protos | Informed crypto news
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