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