MSTR Holders Fund a $1.59 Billion Cash Pile That May Not Buy Bitcoin
Strategy, the prominent Bitcoin treasury firm formerly known as MicroStrategy, recently raised $2.0065 billion by selling common shares between Aug. 17 and Aug. 23. Curiously, the company made zero Bitcoin purchases during this period, leaving a substantial $1.59 billion USD cash balance at the center of a capital-allocation debate. Where Did the Capital Go? According … Read more