MicroStrategy purchases another $5.4 Billion in bitcoin

11/25/2024 20:48
MicroStrategy purchases another $5.4 Billion in bitcoin

(Bloomberg) -- MicroStrategy Inc. bought another $5.4 billion in Bitcoin, marking its third acquisition this month as the company rapidly increases its holdings.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasNYC Mayor Adams Names Jessica Tisch to Lead Police H

Monique Mulima

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(Bloomberg) — MicroStrategy Inc. (MSTR) bought another $5.4 billion in Bitcoin, marking its third acquisition this month as the company rapidly increases its holdings.

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(MSTR)

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The enterprise software company purchased the Bitcoin in part with proceeds from a $3 billion convertible senior note offering. The Tysons Corner, Virginia-based firm has been focused on becoming a Bitcoin treasury company and has become the largest institutional holder of the cryptocurrency.

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