Cryptocurrencies
MicroStrategy Buys $243 Million of Bitcoin After Share Sales
- It is the 10th consecutive week the firm has bought Bitcoin
- The latest purchases were funded with share sales proceeds
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MicroStrategy Inc. bought $243 million of Bitcoin, the 10th consecutive weekly purchase by the enterprise software company turned leveraged Bitcoin proxy.
The Tysons Corner, Virgina-based firm now owns over 2% of all the Bitcoin that will ever exist as co-founder and Chairman Michael Saylor ramps up purchases as part of a buy and hold strategy he began in 2020. MicroStrategy owns around $41 billion of the original cryptocurrency.