Cryptocurrencies
MicroStrategy’s Latest $1.1 Billion Bitcoin Purchase Is Largest Since 2021
- Purchases took place between Aug. 6 and Sept. 12, filing says
- Software firm holds more than $14 billion in Bitcoin
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MicroStrategy Inc. purchased 18,300 Bitcoin for around $1.11 billion, the largest acquisition of the digital asset by the crypto hedge-fund proxy in more than three years.
The enterprise software maker, whose corporate strategy includes buying the cryptocurrency, bought the tokens between Aug. 6 and Sept. 12, according to a US Securities and Exchange Commission filing on Friday. It’s the largest amount of tokens purchased since the firm announced in February 2021 that it snapped up 19,452.