Billionaire Michael Saylor’s firm, Strategy, purchased $2.13 billion worth of bitcoin in 8 days amid stock pressure from cryptocurrency volatility. The company bought around 22,305 bitcoin from January 12-19, funded by its share offering program. Shares fell 7.4%, while bitcoin dropped 3.6%. Strategy holds 709,715 bitcoin as of January 19. Strategy reported a $17.44 billion unrealized loss on digital assets in Q4, focusing on long-term growth despite quarterly fluctuations. The company, formerly MicroStrategy, began buying and holding bitcoin in 2020.

Read more at Yahoo Finance: Bitcoin hoarder Strategy buys $2.13 billion in bitcoin in eight days