- 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