Home Technology Strategy Shores Up Liquidity as Bitcoin Faithful Wait on Rebound
Technology

Strategy Shores Up Liquidity as Bitcoin Faithful Wait on Rebound

Key Points

Strategy Shores Up Liquidity as Bitcoin Faithful Wait on Rebound After a five-week pause on Bitcoin purchases, Strategy Inc. investors are left wondering what’s next for the largest buyer of the cryptocurrency following a tumultuous period. Michael Saylor, the co-founder and chairman of the enterprise software maker turned Bitcoin hoarder, may provide some insight when the firm releases final results for the second quarter later Thursday. Earlier this month, Strategy said it recorded a $8.32...

Strategy Shores Up Liquidity as Bitcoin Faithful Wait on Rebound After a five-week pause on Bitcoin purchases, Strategy Inc. investors are left wondering what’s next for the largest buyer of the cryptocurrency following a tumultuous period. Michael Saylor, the co-founder and chairman of the enterprise software maker turned Bitcoin hoarder, may provide some insight when the firm releases final results for the second quarter later Thursday. Earlier this month, Strategy said it recorded a $8.32 billion loss on digital assets in the three months to June 30. Bitcoin fell 14% during the recent quarter and was down more than 45% at the end of June from a year earlier.
Bitcoin (ORG) Strategy Inc. (ORG) Michael Saylor (PERSON) Strategy (ORG)
Originally published by Bloomberg Technology Read original →