Strategy added 6,220 BTC to its reserves, spending $739.8 million in cash. Analyst warns of potential pitfalls as more firms mimic Strategy’s aggressive Bitcoin approach. Latest acquisition represents 13.82 days worth of new Bitcoin supply, or almost double the total BTC mined between July 14 and 20.

Strategy added 6,220 BTC to its reserves, spending $739.8 million in cash. Analyst warns of potential pitfalls as more firms mimic Strategy’s aggressive Bitcoin approach. Latest acquisition represents 13.82 days worth of new Bitcoin supply, or almost double the total BTC mined between July 14 and 20.

Source: https://cryptoslate.com/strategy-spends-740m-to-bring-bitcoin-reserves-to-607k-btc-amid-risk-warnings/