Svmuu News: JAN3 CEO Yu X posted that Strategy should immediately execute an OTC transaction with BSTR, whereby BSTR would pay Strategy $1.5 billion to help the latter increase its cash reserves to $2.9 billion;BSTR could then increase its holdings by 25,000 BTC on top of its existing 30,021 BTC position, bringing its total holdings to 55,021 BTC and propelling it to second place on the Bitcoin treasury company rankings.
Svmuu Note: BSTR, short for Bitcoin Standard Treasury Company, is a treasury firm founded by renowned cryptographer and Blockstream co-founder Adam Back (Bitcoin). The company is actively raising funds to continue increasing its BTC holdings.
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JAN3 CEO: Strategy Should Enter into a $1.5 Billion OTC Bitcoin Transaction with BSTR—It’s a Win-Win Situation
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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