The bitcoin price jumped past $89,000 on Monday morning as Strategy (MSTR), the largest corporate holder of the digital asset, disclosed a roughly $750 million fundraising via a stock sale last week to bolster its cushion against a possible bitcoin winter. The sale involved 4.5 million shares and occurred as MSTR stock traded at its lowest close since September.
The move is aimed at building a buffer against downside risk in the crypto market, providing Strategy with liquidity to weather potential downturns. Bitcoin’s strength toward weekly highs reflects ongoing investor interest despite macro headwinds and market volatility.
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