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Strategy buys 1,550 bitcoin for $100 million, resumes net buying after selling 32

Strategy bought an additional 1,550 bitcoin from June 1 to 7, spending about $100 million at an average price of $65,332 per coin, CoinPost reported. The purchase lifted its total bitcoin holdings to 845,256. The firm had sold 32 bitcoin in late May to raise about $2.5 million, its first bitcoin sale since December 2022, but it quickly returned to net buying. It funded the latest purchase with proceeds from selling Class A common stock.

Crypto

Dormant Shiba Inu whale reappears after a month, withdraws 400 billion SHIB to resume activity

An unidentified large Shiba Inu (SHIB) investor resumed wallet activity after about a month and withdrew 400 billion SHIB, blockchain outlet U.Today reported. Arkham Intelligence confirmed the funds moved from a Gnosis Safe Proxy smart contract address to a new external address via an intermediate wallet. The receiving address shifted into a large operating wallet holding about $1.89 million. The wallet’s holdings are concentrated in SHIB, with small amounts of ether and other tokens.

Crypto

Portnoy urges Strategy chair Saylor to buy more bitcoin after XRP, MSTR losses

Barstool Sports founder Dave Portnoy (데이브 포트노이) publicly urged Strategy (스트래티지) chairman Michael Saylor (마이클 세일러) to buy more bitcoin after recording multimillion-dollar losses in his cryptocurrency portfolio, including XRP and Strategy (MSTR) shares, U.Today reported. Portnoy was described as appealing to Saylor to keep purchasing bitcoin in hopes of a price rebound. Strategy later said it bought 1,550 more bitcoins for $101 million, lifting holdings to 845,256.