This article is about blockchain, business, and technology news. Here’s the summary:
MicroStrategy is expanding its Bitcoin reserve strategy. On November 11, the company announced that it had purchased 27,200 BTC for approximately $2.03 billion. The purchase cost an average of $74,463 per BTC between October 31 and November 10. MicroStrategy is the largest institutional holder of Bitcoin with 279,420 BTC. The company is issuing debt securities to fund its Bitcoin strategy and aims to raise $42 billion over the next three years. However, the company’s revenue fell short of analyst expectations. Share your thoughts in the comments.