MicroStrategy IncorporatedNASDAQ: MSTR

MicroStrategy is an enterprise software company that uses Bitcoin as its primary treasury asset. This corporate strategy helped the stock gain popularity as an alternative to buying Bitcoin through an exchange.

MicroStrategy amassed more than $7.5 billion in Bitcoin over the past four years. It diluted its shares and took on a lot of debt to fund those purchases.

MicroStrategy Inc.'s stock has been one of the best-performing equities in the U.S. since it adopted bitcoin as its primary treasury-reserve asset four years ago, according to bitcoin financial-services firm NYDIG.

The largest crypto was falling on Friday despite a major purchase of the crypto by software company MicroStrategy.

Nasdaq-listed software firm MicroStrategy (MSTR) has expanded its substantial bitcoin (BTC) holdings, acquiring an additional 11,931 BTC for $786 million. This latest acquisition further cements MicroStrategy's position as the largest corporate holder of bitcoin.

Bitcoin has been soaring in value this year and so have many crypto stocks. MicroStrategy has made acquiring Bitcoins a key part of its business focus.

MicroStrategy (NASDAQ: MSTR), currently trading at approximately $1,495.54, has experienced a remarkable year-to-date increase of 118.28%. This surge is fueled by the company's aggressive Bitcoin (BTC) acquisition strategy, transforming it into the largest publicly traded corporate holder of Bitcoin.

MicroStrategy (NASDAQ: MSTR), the largest publicly traded corporate holder of Bitcoin (BTC), has announced an upsized debt offering to fund further cryptocurrency acquisitions.

Shares of enterprise software specialist MicroStrategy (NASDAQ: MSTR ) are declining on Friday, capping off what is about to be a down week for MSTR stock. This move is reflective of its evolved role as a cryptocurrency proxy, with the digital asset sector also suffering a rough week.