Strategy Makes Largest Bitcoin Purchase Since November

Michael Saylor's investment firm Strategy has made a significant move in the cryptocurrency market, buying 1,550 Bitcoin at an average price of $65.3k last week.

This is the company's largest Bitcoin purchase since November and comes after a previous sale of 32 BTC triggered its worst weekly performance since 2022.

The funds for this purchase were raised through Strategy's at-the-money share-sale program, which brought in $181 million between June 1st and 7th. The remaining $80 million was used to rebuild the company's cash reserves, now totaling $1 billion.