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Strategy Buys $370 Million of Bitcoin After Recent Breakout

Strategy (MicroStrategy) logoStrategy (MicroStrategy)
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Strategy shifted into buying mode, snapping up 4,603 bitcoins for about $370 million, according to a company filing. Bitcoin has been trading near $80,000 for weeks. The purchase follows bullish analyst views that bitcoin could reach $300,000 by 2029, while Strategy’s coin buys averaged $80,318 versus sales averaging $59,000–$64,000.

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