MicroStrategy, the firm led by billionaire Michael Saylor, now owns about $6 billion worth of bitcoin.
, Virginia-based MicroStrategy, which owns more bitcoin than any other corporation in the world, said it purchased approximately 1,434 bitcoins for $82.4 million in cash between November 29 and December 8, bringing its total holdings to 122,478 bitcoins.
Despite MicroStrategy's growing investment, the price of bitcoin has struggled to recoup losses since tumbling from an all-time high above $69,000 set last month, with prices crashing nearly 20% this weekend after global equity markets sank on concerns over the omicron variant of the coronavirus.
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