Strategy Buys $1.34B in Bitcoin as Price Exceeds $100K

Strategy Buys $1.34B in Bitcoin as Price Exceeds $100K

Bitcoin bull Michael Saylor has once again made headlines as Strategy, the firm he co-founded, acquired 13,390 BTC for approximately $1.34 billion between May 5 and May 11, during a period when the cryptocurrency broke past the $100,000 threshold. The transaction, disclosed in a May 12 filing with the U.S. Securities and Exchange Commission, marks a 2.4% increase in Strategy’s Bitcoin holdings, which now total 568,840 BTC. The aggregate ...

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