Strategy buys Bitcoin again

Michael Saylor's Strategy purchased 950 Bitcoin for nearly $76 million this past week, marking its first buy in three weeks. The move brought total holdings to 846,000 Bitcoin.

Bitcoin surges past $85,000

Bitcoin jumped more than 6% in 24 hours to nearly $86,000, extending a recovery from a yearlong bear market. The price had fallen as low as $58,000 in June.

Strategy stock jumps with Bitcoin

Strategy shares rose nearly 9% to $167 as Bitcoin climbed. The company also spent $174 million repurchasing its dividend-paying preferred shares.

Saylor's 'never sell' philosophy tested

Despite championing a 'never sell your Bitcoin' mantra, Strategy sold Bitcoin four times in the past four months as the bear market squeezed its finances.

Treasury moves spark Bitcoin demand

Bitcoin's rally began in mid-August after the U.S. Treasury announced it would double purchases of long-term government bonds. Concerns about yields and inflation revived Bitcoin's appeal as an alternative asset.

“You always need a narrative to kickstart something.”

Fed rate hike clears the way

When the Federal Reserve raised rates by a quarter point on September 16, Bitcoin initially fell to $75,600 but quickly recovered. Analysts say the expected hike removed a key source of uncertainty.