MicroStrategy's total Bitcoin holdings have reached $38 billion

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ODAILY
12-02
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Odaily Odaily News MicroStrategy has bought another $1.5 billion in Bitcoin, the fourth consecutive week that the crypto hedge fund agency has bought Bitcoin. According to a document from the U.S. Securities and Exchange Commission (SEC), MicroStrategy acquired 15,400 Bitcoins between November 25 and December 1. Since November 11, the company has purchased more than $13.5 billion in Bitcoin and currently holds about $38 billion in Bitcoin. MicroStrategy co-founder and chairman Michael Saylor has transformed the enterprise software maker into what he calls a "Bitcoin treasury," which has attracted the attention of Wall Street. The company's stock price has soared more than 500% this year, outperforming almost all other major stocks. MicroStrategy has been financing Bitcoin transactions by selling convertible notes and issuing shares on the market. (Jinshi)

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