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Strategy resumes buying bitcoin after rare sale roils crypto
Michael Saylor’s Strategy Inc. resumed buying Bitcoin a week after a rare token sale by the digital asset treasury company roiled the crypto market. The company bought 1,550 Bitcoin for an aggregate price of about $101.3 million, according to a filing Monday. The purchase follows one of the most turbulent weeks for Bitcoin this year, a selloff that briefly drove the largest cryptocurrency below $60,000 and erased roughly half its value from last year’s peak. The decline was fueled by heavy outflows from Bitcoin exchange-traded funds and growing concerns about the durability of the digital-asset treasury model ... (full story)
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