MicroStrategy buys $2.03B worth of bitcoin

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MicroStrategy Inc. (MSTR) has executed its largest bitcoin (BTC-USD) acquisition since initiating its cryptocurrency strategy four years ago. The company bought approximately 27,200 bitcoins for $2.03 billion. The investment comes as the cryptocurrency has seen massive gains, boosted by President-elect Donald Trump's election victory.

At the time of this video's posting, bitcoin prices are trading above the $86,000 level.

Market Domination hosts Julie Hyman and Josh Lipton break down the details.

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This post was written by Angel Smith