Bitcoin-focused firm Strategy, led by billionaire Michael Saylor, announced on Tuesday that it purchased approximately $2.13 billion worth of bitcoin over the past eight days, ramping up its accumulation despite ongoing volatility in the cryptocurrency market that has weighed on its share price.
According to a regulatory filing, the company acquired around 22,305 bitcoin between January 12 and January 19, significantly expanding its already sizable digital asset holdings.
In a post on X on Tuesday, Saylor disclosed that Strategy held a total of 709,715 bitcoin as of January 19, reinforcing its position as one of the largest corporate holders of the cryptocurrency.
Shares of Strategy fell roughly 6.6% during the session, while bitcoin declined about 2.4%, highlighting the stock’s strong sensitivity to short-term movements in the crypto market.
The company said the latest bitcoin purchases were financed through proceeds from its at-the-market offering program, a funding method it has repeatedly used to support its accumulation strategy.
Earlier this month, Strategy reported an unrealized loss of $17.44 billion on its digital assets for the fourth quarter, reflecting a decline in the value of its bitcoin holdings during the period. Although the loss was non-cash, it has weighed on investor sentiment amid sharp swings across the broader crypto market.
Strategy, originally founded as enterprise software firm MicroStrategy, began buying and holding bitcoin in 2020 and has since transformed into a company centered almost entirely around bitcoin accumulation.
