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.

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

MicroStrategy Inc. bought a record $5.4 billion in Bitcoin, the third major purchase announced this month by the crypto hedge fund proxy. 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.

MicroStrategy Inc. bought another $5.4 billion in Bitcoin, marking its third acquisition this month as the company rapidly increases its holdings.

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.

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

After a huge post-election rally, Bitcoin (CRYPTO: BTC) just hit another all-time high, and is on the cusp of breaking through the $100,000 mark for the first time ever. To answer that question, you first have to understand how MicroStrategy has fundamentally changed its business over the past few years.