According to ChainCatcher news, MicroStrategy has bought another $1.5 billion in bitcoins, marking the fourth consecutive week that this crypto hedge fund agency has purchased bitcoins.
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 over $13.5 billion in bitcoins and currently holds approximately $38 billion in bitcoins. Michael Saylor, co-founder and chairman of MicroStrategy, has transformed this enterprise software manufacturer into what he calls a 'Bitcoin treasury,' attracting attention from Wall Street. The company's stock price has soared over 500% this year, outperforming nearly all other major stocks. MicroStrategy has been financing its bitcoin purchases by selling convertible notes and issuing stock in the market.
