EntryCrypto

Strategy raises $5.4B but barely buys bitcoin

Protos · · Bitcoin

Michael Saylor’s Strategy diluted common shareholders by $5.4 billion worth of stock sales between July and September but bought just $588 million worth of BTC. This means that less than 11 cents from every $1 raised last quarter went towards buying BTC. Strategy says that when it wants to buy BTC,...

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