Strategy Buys $962M Bitcoin, Bullish on Crypto

Strategy, a bitcoin development company, sees shares surge by nearly five percent following a massive bitcoin purchase of over ten thousand six hundred units, costing approximately nine hundred sixty-two point seven million dollars. This brings their total bitcoin holdings to six hundred sixty thousand six hundred twenty-four. The companys CEO, Phong Le, confirmed no plans to sell these holdings until 2065, signaling a long-term commitment to bitcoin. Despite initial volatility, shares closed up four point five percent, indicating market approval of this strategic move.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.