Strategy's Bitcoin purchase marks its fifth anniversary, with its stock price increasing by approximately 2,600%.

Strategy marks the fifth anniversary of its first Bitcoin purchase, a move that helped its stock surge nearly 2,600% since 2020, breaking out of a 20-year slump. MicroStrategy Inc. (now known as Strategy) made its first Bitcoin purchase on August 11, 2020, spending $250 million to acquire 21,454 Bitcoins, which founder Michael Saylor called a "new capital allocation strategy."