Their biggest backers include an unlikely group of insurance companies, mutual funds and other usually conservative bond investors.The software company turned itself into a bitcoin whale and now owns some $48 billion of the cryptocurrency.

Semler Scientific is planning to raise $75 million partly to fund more Bitcoin buys as its current holdings hit $29 million in unrealized gains.

In the week ending Jan 19, the company purchased 11,000 BTC for $1.1 billion, taking its total holdings to 461,000 BTC. This latest bitcoin average purchase price was $101,191, increasing MicroStrategy's overall average purchase price to $63,610.

MicroStrategy's bold play is sparking a ripple effect. Canadian video-sharing platform Rumble just made its first Bitcoin splash, reportedly investing up to $20 million to safeguard against inflation.

MicroStrategy, led by Michael Saylor, has announced its latest Bitcoin purchase, marking its third acquisition of the year.

Financial writer highlights MicroStrategy Incorporated's potential buying opportunity and outperformance compared to Bitcoin. Click for this MSTR update.

Bitcoin held above $100,000, with VET, ENA, LINK and LDO posting notable gains a day after President Donald Trump bypassed mentioning crypto or a strategic bitcoin reserve in his inauguration speech.

MicroStrategy shareholders approve a 30-fold increase in Class A shares to support Bitcoin acquisitions, boosting its crypto reserves.

On the other hand, Coinbase is less affected by Bitcoin price fluctuations. As long as trading volumes remain high, whether through sell or buy transaction, it will continue make money from the trading fees. This article first appeared on GuruFocus.

MicroStrategy has added another $1.1 billion worth of Bitcoin to its corporate treasury according to a Tuesday SEC filing.

MicroStrategy—which almost exclusively focuses on securitizing Bitcoin—last year announced a “21/21 Plan” to raise $46 billion to buy even more Bitcoin. The plan would see the firm raise $21 billion via equity, with another $21 billion coming by selling fixed income securities.