Microstrategy Jumps Another 16% on $4.6 Billion Bitcoin Purchase

Microstrategy (MSTR 10.05%) continues its incredible run as the company sells more debt and equity to buy more Bitcoin (BTC 2.13%). Shares were up as much as 16% in trading on Wednesday and are up 12.5% near the end of trading on Wall Street.On Monday, the company announced it had acquired 51,780 Bitcoin for approximately $4.6 billion at an average price of$88,627. On Wednesday, the company announced the pricing of $2.6 billion of 0% convertible senior notes due in 2029. The notes could convert into cash o ...