MicroStrategy’s $2 Billion Bitcoin Buy Is Largest Since 2020 (2)

MicroStrategy Inc. bought about 27,200 Bitcoin for around $2.03 billion, the largest purchase by the crypto hedge-fund proxy since just after it began acquiring the digital-asset more than four years ago.

The enterprise software maker, whose corporate strategy now includes buying the cryptocurrency, bought the tokens between Oct. 31 and Nov. 10, according to a statement on Monday. It’s the largest amount of tokens purchased since the firm announced in December 2020 that it snapped up 29,646 Bitcoin.

MicroStrategy co-funder and Chairman Michael Saylor decided to invest in Bitcoin in 2020 as a hedge against inflation. The firm ...