Strategy buying 520 bitcoins, relying on the issuance of common stock for financing for three consecutive weeks.

Michael Saylor's Strategy company purchased $39.4 million worth of Bitcoin. Despite previously promising to fund Bitcoin purchases by issuing perpetual preferred stock, the company has now used common stock financing for the third consecutive week. According to regulatory filings submitted on Monday, the company, formerly known as MicroStrategy, bought 520 bitcoins between June 15 and June 21.