MicroStrategy Inc. recently made headlines by purchasing $5.4 billion worth of Bitcoin, which is their third significant acquisition this month.
The Virginia-based company used funds from a $3 billion convertible note issuance and common share sales to acquire 55,500 Bitcoin between November 18 and November 24. This information was disclosed in a filing with the U.S. Securities and Exchange Commission.
With this latest purchase, MicroStrategy now holds approximately $38 billion worth of Bitcoin, making them the largest publicly traded corporate holder of the digital asset. This investment strategy demonstrates the company's strong commitment to Bitcoin as a key part of their financial strategy.