TECH NEWS

Memo: Microsoft is laying off ~4,800 employees, or ~2.1% of its workforce; most layoffs are in Xbox, where ~8% are being cut, rising to 15% in this fiscal year

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Filing: Strategy sold 3,588 bitcoin for ~$216M between June 29 and July 5 to replenish its USD reserve; its holdings have an $11.4B paper loss at current prices

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