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MicroStrategy Inc. made its second multi-million dollar purchase of Bitcoin in a little more than a week, raising the company’s holdings to more than 1% of all the cryptocurrency that will ever be issued.
The enterprise software maker, whose corporate strategy includes buying the digital currency, purchased 9,245 Bitcoin for $623 million between March 11 and March 18, according to a US Securities and Exchange Commission filing on Tuesday. The purchase, along with a $821.7 million Bitcoin acquisition announced last week, were both financed mostly through the sale of convertible notes.
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