Saylor’s Strategy Buys More Bitcoin After Preferred Sale

Michael Saylor’s Strategy bought $584.1 million of Bitcoin after raising more than $700 million last week through the sale of so-called perpetual strife preferred stock.

The purchase, the latest in a series of almost weekly acquisitions since late October, increased the dot-com-era software maker turned leveraged Bitcoin proxy’s holding of the cryptocurrency to around $44.3 billion. That is about 2.4% of all the 21 million in tokens slated to be issued.