Strategy

Strategy, the digital asset treasury company, disclosed Monday that it purchased more than $22 million worth of Bitcoin last week, adding 267 Bitcoin to its holdings amid sharp price swings. The company also spent approximately $193 million buying back shares of its preferred stock and authorized an additional $1 billion for further buybacks, bringing the total program to $3 billion. The acquisition marks the sixth Bitcoin purchase since August, renewing an aggressive accumulation strategy under executive chairman Michael Saylor.