MicroStrategy to Buy Another $484 Million Worth of Bitcoin

The business intelligence firm will issue $500 million in convertible senior notes to finance the purchase.

MicroStrategy has been one of the most aggressive corporate buyers of Bitcoin, with over $4 billion invested in the cryptocurrency.

MicroStrategy, a business intelligence firm, announced today that it will purchase another $484 million worth of Bitcoin. The company will issue $500 million in convertible senior notes to finance the purchase.

This is the second major Bitcoin purchase by MicroStrategy in recent months. In December, the company announced that it had purchased $250 million worth of Bitcoin.

MicroStrategy's CEO, Michael Saylor, is a vocal proponent of Bitcoin. He has said that he believes Bitcoin is a "digital gold" that will eventually replace traditional gold as a store of value.

MicroStrategy's latest Bitcoin purchase is a sign of the growing interest in Bitcoin from institutional investors. In recent months, several other major companies, including Tesla and Square, have announced that they have purchased Bitcoin.

The growing institutional interest in Bitcoin is likely to continue to drive up the price of the cryptocurrency. Bitcoin is currently trading at around $36,000, up from around $10,000 at the beginning of the year.

Some experts believe that Bitcoin could eventually reach a price of $100,000 or more. If this happens, MicroStrategy's investment in Bitcoin could be worth billions of dollars.