Strategy Doubles Down on Bitcoin with $285.8M Buyout

Business intelligence platform Strategy announced a significant expansion of its Bitcoin holdings. Chairman Michael Saylor revealed that the company acquired up to $285.8 million worth of Bitcoin ($BTC) between April 7th and 13th. This purchase, detailed in a Form 8-K filing, brought Strategy’s total Bitcoin holdings to 531,644 BTC, demonstrating a substantial increase in their investment. Saylor’s Twitter announcement disclosed the details of this acquisition.