Microstrategy (MSTR) buys more BTC, increasing its holdings to $5.9 billion.

This comes as the price of Bitcoin has been rising over the past few months amid optimism that U.S. regulators could potentially approve exchange-traded funds (ETFs) that hold BTC, a move some experts say could be detrimental to the cryptocurrency. We believe this will trigger a flood of investment. Year to date, MicroStrategy’s stock price is up nearly 315%, while Bitcoin is up 200%.