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MicroStrategy Goes a Week Without Buying Bitcoin. Chairman Saylor Says to ‘HODL.’ - Barron's

1. MicroStrategy paused Bitcoin purchases from June 30 to July 6. 2. Total Bitcoin holdings stand at 597,325 tokens worth $42.4 billion. 3. The firm recorded an unrealized gain of $14.05 billion for Q2. 4. MicroStrategy plans to raise $4.2 billion for corporate purposes, including Bitcoin. 5. Co-founder Saylor hinted at the need to hold off on acquisitions.

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FAQ

Why Neutral?

The pause in Bitcoin purchases indicates a cautious approach. However, significant unrealized gains suggest strong fundamentals.

How important is it?

MicroStrategy's strategy on Bitcoin significantly influences its stock price and investor confidence.

Why Short Term?

The pause's immediate effects will reflect in upcoming market trends but not long-term.

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