Morning Minute: Saylor's Strategy Hoards Cash, Doesn't Buy BTC

According to Decrypt, MicroStrategy's CEO Michael Saylor has raised $467 million through stock sales, choosing not to purchase Bitcoin for the third consecutive week. This stock issuance has bolstered the company's cash reserves to a record $3 billion, which provides ample coverage for its dividend and interest obligations. As Saylor continues to sell stocks instead of acquiring Bitcoin, questions arise regarding his strategy in light of the cryptocurrency's current prices. Read the full story at Decrypt . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human crypto writing — new writers keep 100% of tips and collects for their first 90 days.