Strategy Extends No-Buy Pause on Bitcoin Amidst Market Rally

Strategy, the world's largest corporate holder of Bitcoin, has decided to extend its pause on buying BTC for another week. According to a recent announcement by co-founder and former CEO Michael Saylor, the company will continue to refrain from making any new Bitcoin purchases.

However, this decision comes with some positive news: Strategy has grown its USD reserve by adding $1.9 billion to it. This was done in two parts, increasing its regular USD reserve to $5.1 billion and establishing a new 'USD Cash' reserve of $1.59 billion.

The company also repurchased an additional $136 million worth of STRC, whose price continues to climb closer to the par level of $100.