Strategy Buys Another 1,665 Bitcoin for $143 Million

Strategy, a Bitcoin proxy, has continued its streak of accumulating the cryptocurrency. The company spent approximately $143 million on 1,665 BTC last week, adding to its existing holdings of 847,666 BTC.

The acquisition was made possible by net proceeds from Strategy's MSTR share sales. Between September 21 and 27, the company sold about 1.5 million MSTR shares for $246 million, using nearly $143 million to buy Bitcoin.

This is not the first time Strategy has bought Bitcoin in recent weeks. The company acquired 950 BTC for $76 million between September 14 and 20 as it resumed accumulating. With this latest purchase, Strategy now holds more than 4% of Bitcoin's total supply, making it the largest BTC holder among public companies.