Strategy buys $2.54B in Bitcoin, largest purchase since 2024
Strategy Inc., led by Michael Saylor, purchased Bitcoin worth $2.54 billion over the past 7 days, marking its largest crypto acquisition since November 2024, according to Bloomberg.
The purchases, made during the week ending April 19, were primarily financed through the sale of perpetual preferred shares (STRC) totaling $2.18 billion, based on a filing submitted to the U.S. Securities and Exchange Commission. The remaining portion was funded through the sale of common stock.
Strategy benefited from a three-week Bitcoin rally — the longest streak of gains since July. The rising crypto price has supported demand for both common and preferred shares. Last week, the company’s stock surged nearly 30% as Bitcoin reached a two-month high.
Over the past few years, Strategy has raised tens of billions of dollars through equity sales to acquire digital assets.
The company currently holds approximately $61 billion worth of Bitcoin.
Strategy shares have declined about 48% over the past year, while Bitcoin is down 11% over the same period.
See also: "Crypto Market Cap Drops $100B Over the Weekend as Prices Slide"
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