Strategy Invests $10.7 Million in Bitcoin Following Preferred Offering Announcement

Reported about 16 hours ago

Michael Saylor's company, Strategy, purchased $10.7 million in Bitcoin just a week after announcing plans to issue up to $21 billion in preferred stock to fund additional Bitcoin acquisitions. The firm has been actively buying Bitcoin since late October and now holds approximately $41.6 billion worth. While shares of Strategy have skyrocketed 2,300% since 2020, Bitcoin's value has increased over 600% in the same timeframe.

Source: YAHOO

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