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07/07 14:28

Breaking: Strategy Halts Bitcoin Purchase, Reports

Breaking: Strategy Halts Bitcoin Purchase, Reports $14 Billion BTC Gain

Strategy, previously MicroStrategy, has halted its weekly bitcoin purchases after 12 weeks of buying BTC, while the MSTR Stock is down.Strategy-Makes-New-Record-With-Bitcoin-Purchase-MSTR-Stock.jpeg
  • Strategy did not make any Bitcoin purchase between June 30 and July 6.
  • This ends the company's longest weekly streak of buying Bitcoin.
  • Strategy reported an unrealized gain of $14 billion in profits on its Bitcoin investment.
  • The MSTR stock is down amid this announcement.

Strategy, previously MicroStrategy, has revealed that it didn’t make any BTC purchase last week, pausing its Bitcoin accumulation after 12 consecutive weeks. The company also reported a Q2 unrealized gain on its BTC investment. Amid this development, the MSTR stock is down in premarket trading, having dropped from its last week’s close of $404.

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