Strategy Buys Nearly $2 Billion Worth of Bitcoin

Business intelligence firm Strategy has acquired a whopping $1.92 billion worth of Bitcoin, according to its most recent announcement.

This brings the company’s total Bitcoin holdings to 528,185 BTC ($44.2 billion at current prices).

The mammoth purchase was widely expected after the company raised an additional $711 million via its preferred stock offering.

As reported by U.Today, Strategy co-founder Michael Saylor also teased the massive buy on Sunday.

Strategy (MSTR) shares, however, are still down by more than 4% in pre-market trading after collapsing by 11% on Friday.