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Strategy Buys $2.54 Billion of Bitcoin, Most Since Late 2024
Michael Saylor’s Strategy Inc. bought $2.54 billion in Bitcoin over the previous seven days, marking the digital asset treasury company’s largest acquisition of the original cryptocurrency since November 2024. The purchases made in the week ended April 19 were primarily funded through the sale of $2.18 billion of STRC, or Stretch, perpetual preferred shares, according to a US Securities and Exchange Commission filing Monday. The remainder was financed through the sale of common shares. Strategy has benefitted from the recent three-week long rally in Bitcoin, the longest winning streak for the digital currency ... (full story)
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