Saylor’s Strategy Resumes Bitcoin Purchases After Posting Loss

Strategy, the self-styled Bitcoin Treasury company that until recently was called MicroStrategy Inc., said it acquired $742.2 million of the digital asset over the past seven days, resuming weekly purchases that began in late October.

The Tysons Corner, Virginia-based enterprise software company turned leveraged Bitcoin proxy has announced purchases of the cryptocurrency in 12 of the last 13 weeks. Strategy now owns around $47 billion of the original cryptocurrency, or more than 2.5% of all the tokens that will ever exist.

Strategy purchased 7,633 Bitcoin at an average price of approximately $97,255 from Feb. 3 through Feb. 9, according ...