MicroStrategy Acquires $615.7 Million Worth of Bitcoin Amidst Anticipation of ETF Approval
MicroStrategy, a software firm, announced on Wednesday its purchase of bitcoin totaling approximately $615.7 million in cash. This move comes amidst growing expectations for the imminent approval of a spot bitcoin exchange-traded fund (ETF) by the top US markets regulator. Between November 30 and December 26, MicroStrategy and its subsidiaries acquired around 14,620 bitcoins at an average price of…