MICROSTRATEGY BUYS $4.6 BILLION WORTH OF BITCOIN IN HISTORIC DEAL
MICROSTRATEGY BUYS $4.6 BILLION WORTH OF BITCOIN IN HISTORIC DEAL
The company bought 51,780 Bitcoin for about $4.6 billion.
This is MicroStrategy's biggest Bitcoin acquisition since it began investing in 2020.
MicroStrategy now holds more than $29 billion in Bitcoin.
The Bitcoin was bought between November 11 and 17, 2024.
Initially using cash, MicroStrategy now uses proceeds from stock sales and convertible bonds to fund its Bitcoin buys.
The company aims to raise $42 billion in the next three years to buy even more Bitcoin.
