Strategy strengthens balance sheet; aggressive Bitcoin buying gives way to capital discipline
From fxstreet.com
Strategy's Bitcoin (BTC) buying halt represents a shift away from relying solely on capital issuance toward a more active approach to liquidity management, according to a CryptoQuant report on Thursday. The firm noted that Strategy's Digital Credit Capital Framework directly addressed concerns about the company's cash reserves. The Bitcoin treasury firm sold approximately 3,588 BTC, worth around $216 million, between June 29 and July 5. The proceeds were used to fund preferred stock dividends and replenish the company's US dollar reserves. Following the sale, Strategy shifted to raising capital in equity markets ...
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