MicroStrategy, a business intelligence company, has bought 51,780 Bitcoin for $4.6 billion, bringing its total holdings to 331,200 BTC, worth over $30 billion. The company plans to raise an additional $1.75 billion through convertible notes for more Bitcoin purchases. MicroStrategy now owns 1.58% of the total maximum Bitcoin supply.
Major Wall Street firms, including Vanguard and Morgan Stanley, are increasing their MSTR holdings. MicroStrategy’s stock is up 485% this year, outperforming Bitcoin’s 112% gain.
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<p>The post MicroStrategy Buys 51,780 Bitcoins for $4.6 Billion, Boosting Total Holdings to 331,200 BTC. first appeared on CoinBuzzFeed.</p>
