Strategy has accumulated a loss of over 40% this year and has stopped purchasing Bitcoin in the past week to increase cash reserves
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MicroStrategy (MSTR) has paused Bitcoin purchases amid turbulence in the cryptocurrency market, increasing its cash reserves to $2.19 billion. The stock price has fallen over 43% this year. The company raised $748 million through the sale of common stock and established a $1.4 billion reserve for dividend and interest payments. The CEO stated that Bitcoin sales would only be considered under extreme market conditions, emphasizing that financial discipline is a priority
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