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Strategy pauses bitcoin buys, establishes $1B digital credit repurchase program as USD reserve tops $2.5B

Bitcoin treasury company Strategy paused its bitcoin acquisitions between June 22 and June 28, according to an 8-K filing with the Securities and Exchange Commission on Monday, instead opting to expand its USD reserve and announce a digital credit repurchase program.As part of the firm's new Digital Credit Capital Framework, Strategy established a new board-approved policy governing its previously established USD reserve, requiring it be used only to support the payment of preferred stock divide...

Read more at theblock.co

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