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Strategy Makes $835 Million Bitcoin Bet, Largest Since July
Michael Saylor doubled down on the digital-asset treasury model that he pioneered during last week’s crypto market rout. Strategy Inc. revealed it bought $835.6 million in Bitcoin in the seven days ended Sunday, the largest purchase of the original cryptocurrency by the firm since July. That brought its total holdings to 649,870 tokens worth roughly $61.7 billion, according to a filing Monday with the US Securities and Exchange Commission. The company appeared to finance the majority of the purchases with the proceeds of an euro-denominated preferred offering that closed last week. Bitcoin has fallen almost 30% ... (full story)
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