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✉news BusinessCrypto first seen 3 h ago, last 1 h ago, peak #7

Strategy Buys $143 Million of Bitcoin

Strategy, the Bitcoin-focused company formerly known as MicroStrategy, has purchased roughly $143 million worth of Bitcoin, according to Yahoo Finance. The acquisition continues the firm's long-running practice of adding Bitcoin to its corporate treasury, a strategy that has made it the largest corporate holder of the cryptocurrency. Markets and crypto watchers track each new purchase closely as a signal of institutional demand.

Why now: Investors follow each of Strategy's Bitcoin purchases as a key indicator of institutional demand for cryptocurrency.

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