MicroStrategy Buys More Bitcoin Ahead of Joining Nasdaq 100.

MicroStrategy Inc., a software company, has purchased an additional $1.5 billion worth of Bitcoin through stock sales, marking the sixth consecutive Monday of such acquisitions. The firm's inclusion in the Nasdaq 100 Index next week is seen as a significant step towards institutional acceptance, particularly for its founder, Michael Saylor. MicroStrategy's stock price has surged over 500% this year as it continues to buy Bitcoin, with plans to raise $42 billion for further purchases. Other companies, like Riot Platforms Inc., are also following suit in investing in cryptocurrency. [Extracted from the article]