Bitcoin is back -- and so is Michael Saylor's Strategy, which made its first buy in two months | Fortune

Strategy resumed buying Bitcoin after a two-month pause, purchasing $370 million at an average price of about $80,300 per BTC, according to a Monday announcement. The move lifted Strategy shares nearly 3% to around $130. The company funded the purchase with proceeds from selling newly issued MSTR shares, as detailed in a recent SEC filing. It allocated the remainder to dividends and share repurchases of STRC, a dividend-paying class, and added $30 million to its cash balance. The latest buy coincides with Bitcoin rebounding to roughly $78,800 on Monday, after a rally that followed losses earlier this year.