Strategy Inc. Resumes Bitcoin Buying with $370 Million Purchase

Strategy Inc., the company co-founded and run by Michael Saylor, has resumed buying Bitcoin after a 10-week pause. The move comes as the crypto bear market's pressure on shares and confidence in the financing model has eased.

The company purchased $369.7 million worth of Bitcoin in the week ended Aug. 30, according to a filing. To fund these purchases, Strategy Inc. raised $602.8 million through the sale of common stock and bought back $151.8 million of preferred shares.

This marks a return to its signature accumulation strategy, which involves buying large quantities of Bitcoin over time.