Jan 20 (Reuters) -
Billionaire Michael Saylor’s bitcoin-focused firm Strategy (MSTR.O) said on Tuesday it bought about $2.13 billion worth of bitcoin over the past eight days, stepping up purchases even as its stock has been pressured by cryptocurrency volatility.
The company acquired roughly 22,305 bitcoin between the period of January 12 and January 19, according to a regulatory filing.
Saylor said in an X post on Tuesday that Strategy holds 709,715 bitcoin as of January 19.
Shares of the company slid about 6.6% as bitcoin (BTC=) fell 2.4%, underscoring the stock’s sensitivity to moves in the cryptocurrency.
Strategy said the purchases of bitcoin were funded with proceeds from its at-the-market offering program.
Earlier this month, Strategy reported an unrealized loss of $17.44 billion on its digital assets in the fourth quarter, reflecting a drop in the value of its bitcoin holdings in the quarter, a paper hit that has weighed on investor sentiment alongside sharp crypto-market swings.
Strategy, which started out as software company MicroStrategy, began buying and holding bitcoin in 2020.

Billionaire Michael Saylor’s firm, Strategy, purchased $2.13 billion in bitcoin over eight days, acquiring approximately 22,305 bitcoins from January 12 to 19. Despite this, the company's shares fell 6.6% as bitcoin prices dropped 2.4%. As of January 19, Strategy holds 709,715 bitcoins. The purchases were funded through an at-the-market offering program, following a reported unrealized loss of $17.44 billion on its digital assets in Q4, impacting investor sentiment amid crypto volatility.

- Michael Saylor's firm Strategy purchased approximately $2.13 billion worth of bitcoin, acquiring around 22,305 bitcoin between January 12 and January 19.  
- Despite these purchases, the firm's shares declined by 6.6% as bitcoin values dropped, indicating the stock's vulnerability to cryptocurrency fluctuations.  
- Strategy has reported an unrealized loss of $17.44 billion on its digital assets in the fourth quarter, influenced by the declining value of its bitcoin holdings.

Reuters

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Bitcoin hoarder Strategy buys $2.13 billion in bitcoin in eight days