Strategy Buys Almost $1 Billion in Bitcoin for a Second Week (1)

Michael Saylor’s Strategy Inc. acquired almost $1 billion in Bitcoin for a second consecutive week, as the original digital asset treasury company continues to ramp up purchases following the recent pullback in the price of the largest cryptocurrency.

The former MicroStrategy bought $980.3 million of the digital asset between Dec. 8 and Dec. 14, according to a regulatory filing on Monday. This marks the company’s largest amount of Bitcoin acquired since July and its second consecutive week of acquiring over 10,000 Bitcoin on its books — the first time this has happened since January.

The majority of the most ...