Bitcoin hoarder Strategy buys $2.13 billion in bitcoin in eight days

Core Viewpoint - The company Strategy, led by billionaire Michael Saylor, has significantly increased its bitcoin purchases, acquiring approximately $2.13 billion worth of bitcoin in just eight days despite facing stock price pressure due to cryptocurrency volatility [1][2]. Group 1: Bitcoin Purchases - Strategy purchased around 22,305 bitcoin between January 12 and January 19, funded through proceeds from its at-the-market offering program [1][2]. - As of January 19, the company holds a total of 709,715 bitcoin [1]. Group 2: Stock Performance - The company's shares fell by approximately 6.6% as bitcoin prices decreased by 2.4%, highlighting the stock's sensitivity to cryptocurrency market fluctuations [2]. Group 3: Financial Performance - In the fourth quarter, Strategy reported an unrealized loss of $17.44 billion on its digital assets, reflecting a decline in the value of its bitcoin holdings, which has negatively impacted investor sentiment [3].