Strategic Shift: Company Halts Bitcoin Purchases to Amass Cash Reserve

In a notable departure from its previous approach, Strategy has suspended its aggressive accumulation of cryptocurrency. The firm is now prioritizing liquidity, having built a cash position exceeding $2 billion. This strategic pivot coincides with a significant reduction in Citibank’s price target for the company’s shares and the looming threat of an index exclusion that could trigger billions in forced selling.

Between December 15 and 21, Strategy generated net proceeds of $747.8 million through the sale of 4.5 million shares. Notably, none of this capital was deployed to purchase Bitcoin. Instead, the entire sum was added to the corporate treasury, boosting cash reserves from $1.44 billion to $2.19 billion.

This marks a clear Read more...