Strategy buys bitcoin after stock sale

Strategy has purchased 1,550 bitcoin for approximately $101 million, increasing its total holdings to 845,256 BTC. This acquisition follows a recent stock sale where the company raised $181 million, with proceeds allocated to both the bitcoin purchase and bolstering cash reserves to $1 billion. The average purchase price of $65,332 per bitcoin is below Strategy's overall average acquisition cost. This move signals continued confidence in bitcoin as a corporate asset despite recent market fluctuations and a small prior sale by the company.