Reported 15 days ago
MicroStrategy Inc. has made headlines by purchasing a staggering $4.6 billion in Bitcoin, following its strategy to leverage capital markets for cryptocurrency acquisitions. Between November 11 and 17, the company acquired 51,780 Bitcoin, building upon a previous purchase of over 27,000 Bitcoin just weeks earlier. As the largest institutional holder of Bitcoin, owning approximately $30 billion of the asset, MicroStrategy is also planning to raise an additional $1.75 billion to facilitate further purchases.
Source: YAHOO