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Strategy resumes buying bitcoin, stash nears 480,000

The company formerly known as MicroStrategy resumed its bitcoin buying spree — the first time since its rebranding last week — adding 7,633 bitcoin to its stash. The company now hodls 478,740 bitcoin. The move tracks Strategy’s aggressive bitcoin plans, which Michael Saylor laid out last week during an earnings call. 

Over the weekend, GameStop CEO Ryan Cohen posted a picture of himself with Saylor, which has some traders hoping GameStop will adopt Saylor’s hodling strategy for the meme stock company soon.

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