MicroStrategy makes record Bitcoin purchase totaling 5.4 billion dollars

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.

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