Michael Saylor’s Strategy Makes Its Third-Largest Bitcoin Purchase Ever

Michael Saylor’s Bitcoin juggernaut is at it again, buying near the highs with the kind of capital-markets firepower no other crypto firm can match.

Strategy, formerly known as MicroStrategy Inc., disclosed Monday that it bought $2.46 billion of Bitcoin in the past week — its third-largest purchase by dollar value since it began accumulating the cryptocurrency five years ago.