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Strategy Resumes Bitcoin Buys With $66M Purchase

A Bitcoin treasury firm, identified as "Strategy" (presumably MicroStrategy), has resumed its Bitcoin acquisition strategy with a significant $66 million purchase. In addition to this substantial investment in Bitcoin, the firm also undertook a strategic financial maneuver by spending $208.2 million to buy back its STRC preferred stock. These actions collectively led to a reduction in its USD cash reserves, bringing the balance down to $132.7 million. This indicates an active institutional strategy combining Bitcoin accumulation with corporate finance management.

Fuente: Decrypt
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