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News6 days ago

Strategy’s Bitcoin Purchase Caps a Crash-and-Rebound Week

Strategy bought 1,550 Bitcoin for about $101 million on Monday, its first purchase below cost basis, days after a $2.5 million sale that helped tip Bitcoin into a 14% crash. The weekend rebound to $63,700 wiped out $504 million in short positions as an on-chain metric neared past bottom levels.

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