MicroStrategy buys bitcoin worth $615.7 mln ahead of SEC’s spot ETF decision

Software firm MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million in cash, amid growing expectations that the top U.S. markets regulator will soon approve a spot bitcoin exchange traded fund (ETF). Shares of the Virginia-based company that have surged more than 300% this year, were up another 3.2% in morning trading.