Strategy Ends Quarter With Biggest Bitcoin Purchase of Year (1)

Michael Saylor’s Strategy bought $1.9 billion of Bitcoin, the largest acquisition of the cryptocurrency in terms of tokens by the firm this year.

The purchase, the latest in a series of almost weekly acquisitions of the cryptocurrency since late October, increased the dot-com-era software maker turned leveraged Bitcoin proxy’s holding of the digital asset to around $43.4 billion. That is about 2.5% of all the 21 million in tokens slated to be issued.

The former MicroStrategy purchased 22,048 Bitcoin at an average price of approximately $86,969 from March 24 through March 30, according to a filing with the US Securities ...