3 days ago
6
Reuters
Tue, January 20, 2026 astatine 10:24 AM CST 1 min read
Jan 20 (Reuters) - Billionaire Michael Saylor's bitcoin-focused steadfast Strategy said connected Tuesday it bought astir $2.13 cardinal worthy of bitcoin over the past 8 days, stepping up purchases adjacent as its banal has been pressured by cryptocurrency volatility.
The institution acquired astir 22,305 bitcoin betwixt the play of January 12 and January 19, according to a regulatory filing.
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Saylor said successful an X station connected Tuesday that Strategy holds 709,715 bitcoin arsenic of January 19.
Shares of the institution slid astir 6.6% arsenic bitcoinfell 2.4%, underscoring the stock's sensitivity to moves in the cryptocurrency.
Strategy said the purchases of bitcoin were funded with proceeds from its at-the-market offering program.
Earlier this month, Strategy reported an unrealized nonaccomplishment of $17.44 cardinal connected its digital assets successful the 4th quarter, reflecting a driblet in the worth of its bitcoin holdings successful the quarter, a insubstantial hit that has weighed connected capitalist sentiment alongside crisp crypto-market swings.
Strategy, which started retired arsenic bundle company MicroStrategy, began buying and holding bitcoin successful 2020.
(Reporting by Prakhar Srivastava successful Bengaluru; Editing by Tasim Zahid)
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