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The Economic Times
The Economic Times
Business

Strategy bitcoin sales shine light on faltering crypto hoarding companies

A move by Michael Saylor's bitcoin stockpiling company Strategy to authorize more bitcoin sales has once again shone a ​spotlight on a clutch of public crypto hoarding companies, ​which have been buffeted by falling token prices.

Strategy's shares briefly bounced on Friday after analysts blessed a ​plan announced late last month, which included a share repurchase program and authorized as much as $1.25 billion in bitcoin sales.

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