Strategy Slows Bitcoin Buying, Switches Back to Common Sales

Strategy Inc. bought $255 million of Bitcoin in the previous seven days, slowing the pace of its buying of the digital currency after spending $3.5 billion over the prior two weeks.

Michael Saylor’s digital asset treasury company acquired 3,273 Bitcoin in the period ended April 27, according to a US Securities and Exchange Commission filing on Monday. Saylor, the co-founder and executive chairman of the former MicroStrategy, funded the latest round of purchases through the sale of common stock.