Strategy Drops Nearly $1 Billion on Bitcoin, Marking Largest BTC Buy in Months

Strategy revealed its largest Bitcoin purchase over 100 days on Monday, after spending nearly $1 billion on the asset last week, according to a press release. The Tysons Corner, Virginia-based firm spent $963 million on 10,624 BTC, with proceeds that largely came from issuing common stock. The company now owns roughly 660,600 Bitcoin, which was recently worth around $60 billion, based on current prices. Strategy’s latest acquisition was significantly larger than most purchases it has disclosed in recent mon ...