MicroStrategy Inc. bought $1.1 billion of Bitcoin, as the company gears up for a shareholder vote on a 30 times increase its authorized Class A shares.
This marks the 11th consecutive week of token purchases for the enterprise software company turned leveraged Bitcoin proxy. Co-founder and Chairman Michael Saylor has been ramping up purchases of the original cryptocurrency, with the Tysons Corner, Virgina-based firm now owning over 2% of all the Bitcoin that will ever exist.