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    1. coinfeeds-bot on

      tldr; Michael Saylor’s Strategy has acquired 7,390 Bitcoin for $765 million, increasing its holdings to 576,230 BTC worth over $59 billion. The purchase was funded through equity and stock issuance. The company aims to hold $42 billion in Bitcoin by 2027, controlling over 2.7% of the total BTC supply. Strategy is also facing a class action lawsuit alleging misleading statements and undisclosed risks related to its Bitcoin strategy and accounting rules, which it plans to defend vigorously.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. letsdrinktothat on

      Maybe the lawsuit will drop MSTR to a more realistic level? It’s way overpriced at the moment relative to the value of their HODL stack.

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