"MicroStrategy's Latest Bitcoin Purchase Boosts Holdings to 1%"

1 min read
Source: Bloomberg
"MicroStrategy's Latest Bitcoin Purchase Boosts Holdings to 1%"
Photo: Bloomberg
TL;DR Summary

MicroStrategy Inc. has increased its Bitcoin holdings to over 1% of the total supply with a recent $623 million purchase of 9,245 Bitcoin, following a $821.7 million acquisition last week, financed through the sale of convertible notes, as part of the company's strategy to invest in the digital currency.

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