Strategy, a prominent investment firm, has made a significant Bitcoin purchase. The company acquired 1,665 Bitcoin for a total of $143 million. This buy brings Strategy's total Bitcoin holdings to 847,666.
Source
"Strategy Makes $143M Bitcoin Buy, Adds to Massive BTC Stack" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The funds for this acquisition came from the sale of 1.47 million MSTR shares, which generated $246.2 million in proceeds. Strategy used a portion of these funds for the Bitcoin purchase and also repurchased its own STRC preferred stock.
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