BUZZ-MicroStrategy rises after disclosing latest bitcoin purchase** Shares of MicroStrategy MSTR.O, the largest corporate holder of bitcoin BTC=, rises 9.8% to $373.58
** Co says it bought an additional 51,780 bitcoin for nearly $4.6 bln between Nov. 11 and Nov. 17
** The purchase was financed via a sale of MSTR stock
** MSTR now holds 331,200 bitcoin on its balance sheet at an average buying price of about $49,874; the cryptocurrency was last trading at $91,804
** Co has made bitcoin its primary treasury asset and has been investing surplus cash in the digital token since 2020
** MSTR has jumped more than four-fold YTD
(Reporting by Sukriti Gupta in Bengaluru)
((Sukriti.Gupta@thomsonreuters.com;))
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