✉news BusinessCrypto first seen 1 d ago, last 22 h ago, peak #19
Strategy's Bitcoin Purchases Slump to 334 Coins a Week
Original: Saylor Says There Is Always Room for More Orange. Strategy Bought 334 Bitcoin Last Week. Two Years Ago It Was Buying 55,000 in a Week.
Michael Saylor's firm Strategy, formerly MicroStrategy, bought 334 bitcoin last week, a sharp contrast to the 55,000 coins it was acquiring weekly two years ago. Saylor responded to criticism of the slowdown by saying there is always room for more orange, a nod to bitcoin's branding. The steep drop in purchase volumes is drawing attention to the company's reduced appetite amid changing market conditions.
Why now: The dramatic decline in Strategy's weekly bitcoin buying compared with its peak pace is fueling debate about the company's strategy and the broader crypto market.
Michael SaylorStrategyMicroStrategyBitcoin
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Evidence
- Saylor Says There Is Always Room for More Orange. Strategy Bought 334 Bitcoin Last Week. Two Years Ago It Was Buying 55,000 in a Week. · 24/7 Wall St.
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