Strategy's Bitcoin Buying Pause: A Sign of Market Volatility

Strategys Silent Bitcoin Buying Streak: A Sign of Market VolatilityStrategy, known for its regular Bitcoin purchases, remained quiet this past Monday, marking a significant shift from its usual buying pattern. The company, which has been raising billions through preferred shares to buy Bitcoin, did not issue any new securities or acquire additional Bitcoin. This pause in buying coincides with a challenging period for Strategys stock, which has fallen by thirty-eight percent over the past month and is down sixty-seven percent from its peak last year. The companys stock price is also under threat of being removed from the MSCI indices in February, which could lead to substantial outflows. Meanwhile, Bitcoins price has retreated from its all-time highs, impacting companies like Strategy that have significant Bitcoin holdings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.