MicroStrategy stock was rising after the company announced that it had purchased some 15,400 bitcoin for about $1.5 billion dollars. In a filing released Monday morning, MicroStrategy said it had purchased the bitcoin for an average price of $95,

MicroStrategy has purchased another 15,400 Bitcoin for $1.5 billion, bringing its total holdings to over 402,000 BTC.

As of Dec. 1, MicroStrategy and its subsidiaries hold 402,100 BTC, worth around $38.4 billion at current market prices, purchased at an aggregate cost of $23.4 billion, or an average of $58,263 per Bitcoin. This means the firm is up by 64% on its Bitcoin investments.

How can Microstrategy borrow billions at 0% to continue buying bitcoin and what does this reveal about market players’ expectations.

Bernstein analysts predict MicroStrategy will own 4% of the total bitcoin supply by the end of 2033, an amount they expect to be worth about $830 billion.

Shares in MicroStrategy, the largest corporate holder of bitcoin, initially jumped and then fell Monday after the software company said it had bought $5.4 billion of the cryptocurrency.

MicroStrategy’s $42 billion Bitcoin purchase plan could be completed in just four months. The company has already spent $12 billion of its Bitcoin-buying goal within

MicroStrategy shares rocketed higher again Wednesday, as the largest corporate holder of bitcoin reaps the benefits of record-high prices for the cryptocurrency.

Once a fading software company struggling to stay relevant, MicroStrategy (MSTR) has outstandingly become the ultimate Bitcoin buying powerhouse, hoarding nearly 2% of the world’s entire BTC supply. What’s driving this wild transformation?