MicroStrategy Buys 13,267 Bitcoin for $1.25B, Largest Purchase Since July
MicroStrategy has made a significant bitcoin purchase, acquiring 13,267 BTC for $1.25 billion. According to reports, the purchase was made using common stock and perpetual preferred equity STRC. This represents the company's largest bitcoin acquisition since July. The development indicates continued institutional interest in Bitcoin as a store of value and potential hedge against inflation. Such large-scale purchases by publicly traded companies can influence market sentiment and potentially drive further adoption of Bitcoin among both retail and institutional investors.
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