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Michael Saylor’s Strategy Raised $466.7M But Bought Zero Bitcoin

Michael Saylor next to stacks of cash and an empty vault containing a single Bitcoin.

The post Michael Saylor’s Strategy Raised $466.7M But Bought Zero Bitcoin appeared first on Coinpedia Fintech News

Michael Saylor’s Strategy raised nearly $467 million last week by selling MSTR shares, but unlike its usual strategy, the company did not buy any Bitcoin. Instead, the company increased its cash reserve to a record $3 billion, leaving investors wondering whether Saylor is preparing for a bigger Bitcoin dip to buy BTC. Strategy Raises $466.7M …

Source: Coinpedia →