MicroStrategy has raised its bitcoin holdings to more than 1% of all the cryptocurrency that will ever be issued.
second multimillion-dollar purchase of bitcoin in a little more than a week, raising the company’s holdings to more than 1% of all theThe enterprise software maker, whose corporate strategy includes buying the digital currency, purchased 9 245 bitcoin for US$623-million between 11 and 18 March, according to a US Securities and Exchange Commission filing on Tuesday. The purchase, along with a $821.
In terms of money spent, nearly a quarter of MicroStrategy’s bitcoin purchases have happened in 2024 and at an average cost that is more than twice last year’s average cost.
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