MicroStrategy has bought $4.6 billion worth of bitcoins again
- MicroStrategy bought nearly 51.8k bitcoins for $4.6 billion
- This is MicroStrategy's largest purchase in the last 4+ years
- The company first started buying bitcoins 4+ years ago
- Its last bitcoin purchase was on November 11-17, 2024
- It now owns a total of $29+ billion worth of bitcoins
- The company buys bitcoins to protect against inflation, etc.
- MicroStrategy initially bought them with its “cash”
- Then it switched to funds from issuing and selling stock
- It also uses convertible debentures
- In this way it increases purchasing power
- MicroStrategy wants to raise $42 billion over the next 3 years
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Alphabet has become an investor in little-known rival SAP
- Odoo has received investment from Alphabet and Sequoia Capital
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- Belgian startup creates open source software
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