According to ChainCatcher news, as reported by Jin10, MicroStrategy has bought another $1.5 billion in bitcoin, marking the fourth consecutive week that this crypto hedge fund agency has purchased bitcoin.
According to a document from the U.S. Securities and Exchange Commission (SEC), MicroStrategy acquired 15,400 bitcoins from November 25 to December 1. Since November 11, the company has purchased over $13.5 billion in bitcoin and currently holds about $38 billion in bitcoin. MicroStrategy co-founder and chairman Michael Saylor has transformed this enterprise software manufacturer into what he calls a 'bitcoin treasury,' attracting the attention of Wall Street. The company's stock price has surged 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.
