In an 8-K filing Monday morning, MicroStrategy said it purchased about 55,500 bitcoin in its largest buy ever, bringing its total holdings to approximately 386,700 bitcoin. The pu

Shares in MicroStrategy, the largest corporate holder of bitcoin, initially jumped and then fell Monday after the software company said it had bought $5.4 billion of the cryptocurrency.

MicroStrategy Inc. bought another $5.4 billion in Bitcoin, marking its third acquisition this month as the company rapidly increases its holdings.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City,

MicroStrategy solidifies its position as the largest corporate Bitcoin holder, now owning 386,700 BTC, which it acquired for $21.9 billion.

Bernstein analyst Gautam Chhugani, who boosted his price target on MicroStrategy by $310 to $600 a share in a note published Monday, sees the group as a principal beneficiary. Chhugani estimates MicroStrategy owns around 1.7% of global bitcoin and says could grow to 4% over the next decade in his base-case scenario.

Bernstein analysts predict MicroStrategy will expand Bitcoin holdings to 4% of total supply by 2033, and they have raised their stock price target to $600.

MicroStrategy's treasury model is unprecedented and will attract billions in capital from investors around the world to invest in bitcoin.

Michael Saylor is evolving MicroStrategy from simply holding Bitcoin to a "Bitcoin bank." Check out why I remain bullish on MSTR stock.

MicroStrategy continues to add bitcoin to its balance sheet, buying another $5 billion worth of the token last week.

MicroStrategy's Bitcoin acquisition strategy grows with a $5.4 billion purchase, boosting holdings as it targets long-term scale.

For investors seeking exposure to Bitcoin ($BTC), buying MicroStrategy ($MSTR) stock can be a compelling alternative. My bullish outlook on MSTR