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MicroStrategy Adds USD Reserve, Extends No-Buy Pause on Bitcoin

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BTC
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MicroStrategy, the world's largest corporate holder of Bitcoin, has extended its no-buy pause for another week.

The company's co-founder Michael Saylor announced this development, stating that Strategy remains on the sidelines in terms of BTC moves.

However, MicroStrategy is bolstering its USD reserve, adding $1.9B to it. This action reduces near-term Bitcoin demand while avoiding further sell-side pressure.

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