MicroStrategy adds $5.4b in bitcoin to crypto holdings

MicroStrategy Inc. acquired an additional $5.4 billion in bitcoin, marking its third major purchase this month as the company aggressively expands its cryptocurrency portfolio.

The acquisition was partly funded through proceeds from a $3 billion convertible senior note offering. With this move, the Tysons Corner, Virginia-based enterprise software firm solidifies its position as the largest institutional holder of Bitcoin, underscoring its strategy of transitioning into a bitcoin treasury company.

This latest investment further cements MicroStrategy’s commitment to bitcoin as a core component of its corporate strategy amidst ongoing market volatility.

Bitcoin price reached $97,535.79 on Monday at 1618 (CLT) (0218 GMT).

Attribution: Bloomberg

Subediting: M. S. Salama