Strategy increase cash reserves and suspend buying Bitcoin.

Strategy Inc. increased its cash reserves to $2.19 billion and paused its Bitcoin purchases in the past week. As the largest digital asset treasury company, it appears that the company is preparing for a long crypto winter. According to a filing submitted to the U.S. Securities and Exchange Commission on Monday, the company, headquartered in Tysons Corner, Virginia, raised $748 million by selling common stock in the 7 days ending on December 21. In the previous two weeks, the company purchased approximately $2 billion worth of Bitcoin, increasing its total holdings to around $60 billion.