Bitcoin winter is coming? Whales halt buying spree- MicroStrategy (MSTR.US) hoards $2.2 billion in cash to prepare for the winter.
Chinatong Finance App learned that the "Bitcoin whale" Strategy (MSTR.US) has increased its cash reserves to $2.19 billion in the past week and has suspended bitcoin purchases. The world's largest digital assets reserve company seems to be preparing for a long cryptocurrency winter. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, Strategy raised $748 million by selling common stock in the seven days leading up to December 21. In the previous two weeks, the company had purchased around $2 billion worth of bitcoin, bringing its total bitcoin holdings to about $60 billion.
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