#USCryptoStakingTaxReview
Bitcoin purchases by Strategy are halted this week.$BTC
Strategy, the company of the popular Bitcoin enthusiast, Michael Saylor, decided to temporarily halt the accumulation of BTC. Despite this temporary pause in purchases, the company maintains its conviction in its treasury strategy. The halt comes amid an interesting context for the cryptocurrency market.
As evidenced in a filing with the Securities and Exchange Commission (SEC), the company did not make new coin purchases. The company's decision surprised the community, as just hours earlier Saylor hinted at a possible update on cryptocurrency reserves.
Strategy added coins to its treasury for several consecutive weeks, which notably calmed the more alarmist views. Some analysts like Peter Schiff hinted that a possible sale of BTC was on the horizon, affirming the principle of the end of Saylor's project. Amid that negative context, the company took measures that demonstrated its strength.
Now that things have relatively calmed down, Strategy decided to temporarily halt its Bitcoin purchases. As a consequence, the firm maintains its reserves of 671,268 bitcoins valued at $60.37 billion, according to the current market price of the coin.
As mentioned above, this company's decision comes amid a moment of peak interest. $BNB
