Strategy (MSTR) stock jumps as $1.25 billion Bitcoin buy and insider purchase hit the tape
Strategy Inc shares rose 3.6% to $168.01 after the company bought $1.25 billion in bitcoin, funded by selling 6.83 million common and 1.19 million preferred shares. The firm added 13,627 bitcoin last week, bringing its total to 687,410. Director Carl Rickertsen purchased 5,000 shares on Jan. 12, according to an SEC filing.