Cryptocurrencies
Strategy Buys $1.25 Billion in Bitcoin in Largest Purchase Since July
Co-founder and Executive Chairman of Strategy Michael Saylor
Photographer: Ronda Churchill/Bloomberg
Michael Saylor’s Strategy Inc. acquired almost $1.25 billion in Bitcoin, marking the company’s largest purchase of the digital asset since July.
The former MicroStrategy bought 13,627 Bitcoin between Jan. 5 and Jan. 11, according to a regulatory filing on Monday. The majority of the most recent acquisitions were made using proceeds from at-the-market sales of its Class A common stock.