Strategy Adds Billions to USD Reserve as Bitcoin Position Turns Green
Strategy, the world's largest corporate holder of Bitcoin, has remained in its no-buy pause for another week. The company has not sold any of its BTC holdings since August 10, when it disposed of 1,690 units.
In a two-fold manner, Strategy increased its regular USD reserve to $5.1 billion and established an additional USD Cash reserve of $1.59 billion.
The company also repurchased $136 million worth of STRC, whose price continues to climb closer to the par level of $100.