MicroStrategy’s total Bitcoin holdings have reached $38 billion
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2024-12-02 22:32 3,503
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Golden Finance reported that MicroStrategy bought another $1.5 billion in Bitcoin, marking the fourth consecutive week that the crypto hedge fund agency has bought Bitcoin. According to an SEC filing, MicroStrategy acquired 15,400 Bitcoins between November 25 and December 1. The company has purchased more than $13.5 billion in Bitcoin since Nov. 11 and currently holds about $38 billion in Bitcoin. MicroStrategy co-founder and chairman Michael Saylor has Wall Street taking notice by transforming the enterprise software maker into what he calls a “Bitcoin treasury.” The company's shares have soared more than 500% this year, outperforming nearly every other major stock. MicroStrategy has been financing Bitcoin trades by selling convertible notes and issuing shares on the market. (Golden Ten)