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cailianshe news, september 14 (editor: bian chun)as a business intelligence software provider, microstrategy, a us-listed company, is known for "not doing its job properly". the company has bought a huge amount of bitcoin, tying the company's fate to bitcoin.

friday local time,microstrategy founder michael saylor announced that the company has purchased another $1.1 billion worth of bitcoin。

affected by this news,microstrategy shares rose more than 8% on friday, closing at $141.47.

in a post on social media platform x, saylor said microstrategy has bought bitcoin at an average price of $38,585 per coin over the past four years. bitcoin is currently trading at nearly $60,000.

so far,microstrategy holds a total of 244,800 bitcoins, worth $14.6 billion。

founded in 1989, microstategy is involved in enterprise software and cloud-based services, but the company's value is now almost entirely tied to bitcoin ownership. microstategy is the world's largest public company holding bitcoin, far higher than tesla, block and other companies that have also invested in bitcoin.

creating value for shareholders through cryptocurrency trading

in saylor's post on friday, he also said that the "bitcoin yield" (a metric introduced by microstrategy) will reach 17% this year. this figure shows that the company has created 17% value for shareholders by selling shares to buy bitcoin.

"we are basically providing people with different types of bitcoin investment opportunities," saylor said in a recent media interview. "microstrategy's mission is to securitize bitcoin and act as an institutional bridge between traditional, mainstream investors and bitcoin."

microstrategy shares are up 24% this week and have doubled so far this year. even after this week's rebound, though, the stock is still down about 26% from its march high.

but microstrategy's stock price has performed far better than bitcoin, which is up 35% so far this year.

saylor said,holding microstrategy stock is one way to invest in bitcoin, but it has some benefits that direct investment in bitcoin does not have, such as increased downside protection.