Billionaire Bitcoin advocate Michael Saylor’s comp
Billionaire Bitcoin advocate Michael Saylor’s company, Strategy Inc., increased its U.S. dollar reserves by $748 million last week, lifting total cash liquidity to $2.19 billion, according to a regulatory filing
Strategy has historically relied on equity and debt issuance to fund bitcoin acquisitions. The absence of new purchases suggests a tactical pause, rather than a change in long-term strategy.Citigroup cut its price target on MicroStrategy to $325 per share from $485. The bank maintained its buy rating on the stock. At the time of writing, Bitcoin is trading near $90,000.Michael Saylor at BTC Inc’s Bitcoin Amsterdam Conference