Cryptocurrencies
MicroStrategy Buys More Bitcoin While Adding Capital Raising Tools
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MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency.
The Tysons Corner, Virginia-based enterprise software company turned leveraged Bitcoin proxy acquired $1.1 billion of the digital currency from from Jan. 21 through Jan. 26, according to a filing with the US Securities and Exchange Commission on Monday. It owns about $47 billion of Bitcoin, or over 2% of all the tokens that will ever exist.