Update
Strategy Adds to Bitcoin Purchases
Crypto Briefing and The Block report that Strategy Inc., led by Michael Saylor, has purchased an additional 267 Bitcoin, extending its four-week purchasing streak. This aligns with the company's pattern of substantial Bitcoin accumulation, including a $21.5 million purchase of 250 BTC in late September. Alongside Bitcoin purchases, Strategy has also repurchased $193 million in preferred stock. The market for Strategy’s stock (STRC) reflects this confidence in Bitcoin, with the December 31 sub-market currently priced at 73.5% for the stock to reach $100 by the end of the year. The recent Bitcoin purchase may contribute to stabilizing or reversing the trend in STRC’s market price, which has seen a slight decline in recent weeks.