MicroStrategy Continues Bitcoin Binge With $5.4 Billion Buy

The publicly traded company now owns more than $36.8 billion worth of the digital asset.

An image of bitcoin and U.S. currencies are displayed on a screen as delegates listen to a panel of speakers during the Interpol World Congress in Singapore on July 4, 2017. Dominic Gwinn / AFP via Getty Images

Software company MicroStrategy has purchased more than $5 billion worth of bitcoin, according to new financial disclosures.

On Nov. 25, the Tysons Corner, Virginia, software company said in a Securities and Exchange Commission (SEC) filing that it had purchased about 55,500 bitcoins for about $5.4 billion in cash between Nov. 18 and Nov. 24. The moves brought its total holdings of the digital currency to 386,700 tokens. At the current price, that translates to about $36.8 billion of holdings.