MicroStrategy Buys $4.6 Billion of Bitcoin in Largest Purchase


MicroStrategy Inc. bought about 51,780 Bitcoin for around $4.6 billion, the largest purchase by the crypto hedge-fund proxy since it began acquiring the digital-asset more than four years ago.

The enterprise software maker, whose corporate strategy includes buying the cryptocurrency, bought the tokens between Nov. 11 and Nov. 17, according to an US Securities and Exchange Commission filing on Monday. It now holds more than $29 billion in Bitcoin.



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