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Strategy Spends $267 Million on Bitcoin, Issues STRC for Third Straight Week
Strategy continued buying Bitcoin as the digital asset’s price fell to its lowest level in five weeks, but the company’s latest acquisition marked a deceleration from the previous two additions. The Tysons Corner, Virginia-based firm spent $267 million on Bitcoin last week, while adding roughly 2,900 Bitcoin to its stockpile, according to a press release. In the two weeks prior, the firm spent around $1.2 billion and $2.1 billion on the digital asset, respectively.
The largest corporate holder of Bitcoin now owns 712,600 BTC, a sum worth $62.7 billion, with the asset recently changing hands around $87,600. Bitcoin slipped below $90,000 on Friday, as signs...