MicroStrategy Purchases Another $5.4 Billion in Bitcoin

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MicroStrategy Inc. bought a record $5.4 billion in Bitcoin, the third major purchase announced this month by the crypto hedge fund proxy.

Using the proceeds from a $3 billion convertible note issue and common share sales, the Tysons Corner, Virginia-based firm acquired 55,500 tokens from Nov. 18 through Nov. 24, according to an US Securities and Exchange Commission filing. MicroStrategy now owns around $38 billion in Bitcoin, making it the largest publicly traded corporate holder of the digital asset.

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