To The Moon

The stock market selloff this week has been painful for investors but spare a thought for Elon Musk.The SpaceX and Tesla CEO has already lost his trillionaire status following a sharp drop in the shar

Strategy has increased its cash reserves by $300 million while adding 520 Bitcoin worth roughly $35 million, highlighting a growing focus on liquidity alongside continued cryptocurrency purchases.Strategy bought 520 Bitcoin for $35 million, raising its total holdings to 847,363 BTC.A June 22 filing showed the company increased cash reserves by $300 million to $1.4 billion.Debate over STRC intensified as critics questioned Strategy’s capital structure despite Saylor’s defense.According to a June 22 filing, the company acquired 520 Bitcoin at an average price of $67,068 per coin, bringing its total holdings to 847,363 BTC.The purchase followed a familiar signal from Executive Chairman Michael Saylor, who posted “Looks better with more dots” on X a day earlier alongside Strategy’s Bitcoin acquisition chart, a graphic that traders closely watch for clues about upcoming purchases.Separate concerns have come from institutional investors. As previously reported b