Strategy buys another 267 BTC, extending Bitcoin purchasing streak to four weeks

Bitcoin logo (public domain, Grayliptrot) via Wikimedia Commons Strategy Inc., led by executive chairman Michael Saylor, has reportedly acquired an additional 267 Bitcoin, maintaining its purchasing momentum for the fourth consecutive week since late September. This acquisition aligns with the company’s pattern of substantial Bitcoin accumulation, as previously reported for the period of October 5-11, where Strategy purchased 250 BTC for $21.5 million. Alongside Bitcoin purchases, Strategy repurchased $193 million in preferred stock, indicating a dual approach of asset accumulation and capital allocation. The market for Strategy’s stock (STRC) appears to reflect this continued 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. This follows a recent trend where the odds were higher, at 86% a week ago, but have since seen a slight decline. The recent Bitcoin purchase may contribute to stabilizing or even reversing this trend, as it suggests ongoing confidence in Bitcoin’s potential. Despite the positive sentiment from these acquisitions, the source of the Bitcoin purchase information—a Tier 3 social med...