POPA ReconStrategy Pauses Bitcoin Buys as MSTR Crashes 82% From Its Peak
Strategy Pauses Bitcoin Buys as MSTR Crashes 82% From Its Peak For the first time in a long while, Michael Saylor's Strategy didn't buy any Bitcoin. Per a fresh SEC filing, the largest corporate BTC holder paused purchases between June 22–28 and pivoted to defense - building its cash reserve to $2.55B, launching a $1B buyback of its own credit securities, and even authorising up to $1.25B in potential Bitcoin sales. Strategy holds 847,363 BTC bought at an average of $75,651, leaving it ~$13B underwater with BTC near $60K. The stock got hit even harder - MSTR fell 30% in five days to $82, it…
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