Strategy pauses bitcoin buys before Tuesday earnings
Strategy, referring to MicroStrategy, has temporarily suspended its Bitcoin purchasing activities in advance of its upcoming earnings report scheduled for Tuesday. Michael Saylor, the company's chairman, has assured that the acquisition of Bitcoin will resume next week. This brief halt comes as financial analysts are particularly focused on the company's recent performance, specifically examining potential financial losses and the growing complexity surrounding Strategy’s preferred-stock funding mechanisms, which have been instrumental in financing its substantial Bitcoin accumulation strategy.
Fuente: CoinDesk (Bitcoin tag)
← Go BackRead Source