Renaissance Technologies has increased its stake in Strategy, the software company formerly known as MicroStrategy, by 20% with a $40 million purchase. The investment adds to the firm's existing position in the company.
The purchase
The $40 million purchase represents a 20% increase in Renaissance's holdings in Strategy. The firm has not disclosed the total value of its stake after the transaction.
About Strategy
Strategy, which is likely MicroStrategy, is a software company. The purchase signals continued interest from Renaissance in the firm.
