Strategy Sees 75% Jump in Weekly Bitcoin Purchases

Strategy Inc., formerly known as MicroStrategy, continues to accumulate Bitcoin through its equity financing strategy. The company bought 1,666 BTC in its latest weekly purchase, bringing its total holdings to 847,666 BTC.

This is a 75% increase from last week's 950 BTC purchase and marks the third largest weekly acquisition since August 31 when Strategy resumed Bitcoin purchases after a 10-week pause.

The company funded this latest purchase with proceeds from selling its MSTR common stock, raising $246.2 million in net proceeds from approximately 1.47 million shares sold.