Strategy Buys Bitcoin, Pads Cash Reserves Following Biggest Weekly Stock Drop Since 2022

In brief

• Strategy shares pared losses after it purchased 1,550 Bitcoin for $101 million, boosting its total holdings to 845,256 BTC.
• The company grew its cash position back to $1 billion after depleting most of that stockpile to repurchase debt weeks ago.
• The move follows the company’s first…