Strategy Halted From Buying Bitcoin After Eight Weeks

Strategy has been on a Bitcoin buying spree for eight weeks.

However, that streak ended recently after raising $333.7 million from 3.46 million share sales.

The proceeds went towards covering preferred dividends, repurchasing STRC shares to the tune of $132.2 million, and bolstering cash reserves instead of adding to its BTC holdings.

As a result, Strategy now carries an unrealized loss of $10 billion on its BTC position while servicing $1.72 billion annually in interest and dividends.