Michael Saylor Uses 'Dry Powder' To Add 855 BTC To Strategy's War Chest, But Jim Cramer Is Not Impressed

Strategy (NASDAQ:MSTR) bought 855 Bitcoin (CRYPTO: BTC) at an average price of $87,974 last week as CNBC’s Jim Cramer questions whether executive chairman Michael Saylor has enough capital left to defend the sell-off. The Ill-Timed Purchase Strategy acquired 855 BTC for $75.3 million between January 26 and February 1, funding the purchase entirely through selling 673,527 Class A shares that generated $106.1 million in net proceeds. Bitcoin crashed below $75,000 over the weekend, putting the fresh purchas ...