Strategy Reveals $4.2 Billion Stock Sale After Missing First Weekly Bitcoin Buy in 3 Months

Strategy Reveals $4.2 Billion Stock Sale After Missing First Weekly Bitcoin Buy in 3 Months - Decrypt

Strategy did not buy Bitcoin this week, the first time in 3 months, but the company announced a $4.2 billion stock sale.

decrypt.co

Quick Crypto Snapshot

Most of the crypto market is cruising in the green today. Bitcoin’s hanging around $108,819 (+0.38%) and Ethereum’s near $2,639 (+2.90%). Major altcoins like XRP ($2.37, +3.61%), Cardano ($0.60, +4.25%) and Chainlink ($13.98, +3.89%) are seeing solid gains, while smaller names like Dogecoin ($0.17, +1.81%) and Solana ($153.44, +1.70%) are up modestly.

Stablecoins are basically flat—USDC at $0.9998 (–0.01%) and BSC-USD at $1.00 (–0.17%). Stellar stands out with a huge jump of +14.34% to $0.2877, and wrapped versions of Ether (WETH at $2,635, +2.83%; WSTETH at $3,187, +2.89%) are riding the same bullish wave.