Company Boosts USD Reserves with $748M Stock Sale, Pauses Bitcoin Buys
A company has increased its USD reserves through a stock sale, opting to pause Bitcoin purchases. According to reports, the company sold approximately 4.5 million common shares last week, resulting in cash reserves of $2.19 billion. The strategic decision to bolster USD holdings comes as the company temporarily suspends its Bitcoin acquisition strategy. The development reflects a shift in investment approach, prioritizing traditional currency reserves over digital assets in the short term.
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