MicroStrategy Buys 12,000 More Bitcoin for $821.7 Million (1)

MicroStrategy Inc. bought another 12,000 Bitcoin for $821.7 million, the second-largest purchase by the enterprise-software maker since it began acquiring the cryptocurrency almost four years ago.

The fresh hoard raised MicroStrategy’s total Bitcoin holdings to around 205,000 tokens, or to more than $14 billion. The tokens were bought from Feb. 26 through March 10, according to a US Securities and Exchange Commission filing by the Tysons Corner, Virginia-based company. The Bitcoin was acquired mostly with the proceeds from the sale of $800 million of convertible notes through a private sale that was completed March 8.

Michael Saylor, the chairman ...