Strategy Purchases $1.25 Billion in Bitcoin, Largest Since July

Michael Saylor’s Strategy Inc. acquired almost $1.25 billion in Bitcoin, marking the company’s largest purchase of the digital asset since July.

The former MicroStrategy bought 13,627 Bitcoin between Jan. 5 and Jan. 11, according to a regulatory filing on Monday. The majority of the most recent acquisitions were made using proceeds from at-the-market sales of its Class A common stock.

The move comes after the company said last week that it had a $17.44 billion unrealized loss in the fourth quarter tied to the decline in the value of its cryptocurrency stockpile. The company adopted accounting standards that required ...