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Strategy, the Bitcoin-Buying Company, Raises $1.44 Billion to Weather Crypto Downturn

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Strategy, the Bitcoin-Buying Company, Raises $1.44 Billion to Weather Crypto Downturn
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The largest bitcoin-accumulation company took steps to insulate itself from the crypto selloff. The company's shares sold off anyway.

Written by: The Wall Street Journal

Original Source:

https://www.wsj.com/business/strategy-cuts-outlook-establishes-1-44-billion-reserve-amid-bitcoin-selloff-020019d4?gaa_at=eafs&gaa_n=AWEtsqcMuoTm0TPlERVseQZxt24RhzdfVqMiqVw88eQDxsM1PXxhJzYckJ62&gaa_ts=692e4bda&gaa_sig=JAzV9Xw158ljE9oGPKMCfpV8-kmNfZIA2hd8bQJ6cJlsHdEdIWVFFkYNboEQYbqQ1k1YNRKcZwnTYtm7QE1pqQ%3D%3D

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