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MicroStrategy Purchases Another $5.4 Billion in Bitcoin - BLOOMBERG

NOVEMBER 25, 2024

By Monique Mulima

(Bloomberg) -- MicroStrategy Inc. bought another $5.4 billion in Bitcoin, marking its third acquisition this month as the company rapidly increases its holdings.

The enterprise software company purchased the Bitcoin in part with proceeds from a $3 billion convertible senior note offering. The Tysons Corner, Virginia-based firm has been focused on becoming a Bitcoin treasury company and has become the largest institutional holder of the cryptocurrency.

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