Strategy stock (MSTR) experienced a significant surge following the company's announcement of a substantial Bitcoin purchase. Between January 5 and 11, Strategy acquired 13,627 bitcoins for approximately $1.25 billion, funded by preferred stock sales and ATM offerings. This acquisition brings Strategy's total Bitcoin holdings to 687,410, valued at around $62 billion. The company's executive chairman, Michael Saylor, had previously hinted at the purchase via social media.