Strategy Halts Bitcoin Buys for 5 Weeks, Repurchases $25M Stock
Strategy paused Bitcoin purchases for five weeks, using $25 million to buy back its own discounted stock. The company holds $3.75 billion in cash while Bitcoin rallied, leading some to call it the most expensive pause in corporate treasury history.
Detected & updated continuously · Source: Nebula
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@CryptoSlate
🚨 NEWS: Strategy hits a 5 week pause on Bitcoin, using $25M to quietly buy back its own discounted stock via @hardeyjumoh https://t.co/o8tRjjUVfA
@WizzyOnChain
Strategy sitting on $3.75B cash while Bitcoin's been ripping is the most expensive pause in corporate treasury history. Five weeks. Zero buys. They called the exact local top. https://t.co/E0IIIi3WgE