The strategy buys more Bitcoin but shifts attention to the US dollar reserve with a $300 million injection



The decrease in the amount of Bitcoin purchases comes amid growing criticism against the company’s STRC.

After hinting at buying more Bitcoin on Sunday, Michael Saylor, co-founder and former CEO of Strategy, announced X minutes ago that the company had acquired another 520 BTC for $35 million. Thus, its total holdings increased to 847,363 units, currently valued at approximately $55 billion.

What’s even more interesting about this announcement is the fact that the Nasdaq-listed business intelligence software company increased its US dollar reserves much more than the Bitcoin acquisition did.

The company founded by Saylor He made two large purchases of Bitcoin In the last two weeks, both at about $100 million. It also increased its US dollar reserves by the same amount.

Now, though, the difference has become so large, the company has spent nearly 10 times more of its US dollar reserves than it did buying Bitcoin.

Perhaps the reason for this is the increased online scrutiny of Strategy’s STRC. Also referred to as Stretch, these stocks are supposed to trade at $100, provide a fixed return to investors, and raise money to buy more BTC.

However, it has deviated from its nominal price in the past few weeks, falling well below $90 at one point. This has raised some eyebrows in society, among some analysts Speculation The company may have to sell more than 50,000 bitcoins in the next few years to cover expenses and dividend payments.

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