Published:
Michael Saylor’s bitcoin treasury company Strategy on Monday said it bought another roughly $1 billion of bitcoin last week, its biggest single-time purchase since July, defying skeptics who had worried the company might struggle to raise additional capital to expand its crypto holdings.
Analysts said the move could help bolster a beleaguered bitcoin
BTCUSD market that has fallen 29% from its record peak in October. Yet the purchase also highlights a deeper question about how Strategy MSTR sustains its model.
