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MicroStrategy didn't even allow BlackRock's IBIT to enjoy at least two days of glory at the top among companies known to have the largest Bitcoin holdings as it announced that it now has 205,000
MicroStrategy's (MSTR) stock price is surging after the company announced it had purchased even more Bitcoin (BTC).
BlackRock's IBIT now has some 4,000 more Bitcoin than MicroStrategy's holdings of the world's first decentralized cryptocurrency.
(Bloomberg) -- MicroStrategy Inc. bought another 12,000 Bitcoin for $821.7 million, the second-largest purchase by the enterprise-software maker since it began acquiring the cryptocurrency almost four years ago. Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStocks Kick Off Key Inflation Week Under Pressure: Markets WrapThese Are the Best Countries for Wealthy Expats‘Oppenheimer’ Wins Seven Oscars Including Best Picture, DirectorThe fresh hoard raised Micro
MicroStrategy’s Bitcoin holdings have become a major success, showcasing a strategy that has propelled the company to impressive unrealized gains. Co-founded…