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Crypto

Strategy Sees Past $8.2 Billion Loss, Keeps Holding Bitcoin

Guavy AI Editorial Team
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BTC
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Strategy, an investment firm, has maintained its Bitcoin holdings despite incurring a significant loss of $8.22 billion.

The company's decision to hold onto its Bitcoin reserves comes as the cryptocurrency price dropped from April's high of $68,000 to $58,600 by the end of June.

Strategy sold 218.4 million dollars' worth of Bitcoin to pay for preferred dividends.

The firm still holds a significant amount of Bitcoin in its reserve, totaling 843,775 BTC.

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