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Strategy, the business intelligence company associated with Michael Saylor, purchased 1,587 Bitcoin ($BTC) for $100 million last week, lifting its total holdings to 846,842 BTC.
The company funded a portion of the purchase by raising $209 million through sales of its MSTR stock.
The transaction marks another step in what has become one of the largest known corporate Bitcoin accumulation efforts in existence.
What Strategy Is Doing and Why It Matters A corporate Bitcoin treasury strategy means a public company holds Bitcoin as a primary reserve asset on its balance sheet rather than parking cash in traditional instruments like bonds or money-market funds.
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