Strategy (MSTR) Pauses Bitcoin Buys Ahead of Earnings, Stock Jumps Over 10% in 2 Days
Bitcoin Magazine
Strategy has paused its Bitcoin accumulation program ahead of its earnings report, while its stock price has climbed over 10% in two days.Summary
Strategy has temporarily halted its Bitcoin purchasing program ahead of its first-quarter earnings report, marking only the second such break this year. The company, which holds approximately 818,334 BTC, has seen its stock price surge over 10% in the last two days amid a broader market rebound. The firm is increasingly functioning as a financing vehicle centered on its Bitcoin-backed preferred stock, STRC, which Chairman Michael Saylor promotes as a bridge between the Bitcoin and legacy credit markets.
(Source：Bitcoin Magazine)