MicroStrategy invests $623 million in Bitcoin, now owns over 1% of global supply

Oluwapelumi Adejumo

Bitcoin development and Business intelligence firm MicroStrategy has bought more than 9,000 BTC for $623 million, according to a March 19 filing with the US Securities and Exchange Commission (SEC). According to the filing: “MicroStrategy acquired approximately 9,245 bitcoins for approximately $623.0 million in cash, using $592.3 million of proceeds from the Offering and $30.7 […]

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MicroStrategy invests $623 million in Bitcoin, now owns over 1% of global supply