MicroStrategy Inc. has purchased $1.1 billion worth of Bitcoin ahead of a shareholder vote to increase its authorized Class A shares by 30 times. This acquisition marks the 11th consecutive week of Bitcoin purchases by the company, which has become a leveraged Bitcoin proxy under the leadership of Co-founder and Chairman Michael Saylor. The firm, based in Tysons Corner, Virginia, now owns over 2% of all Bitcoin that will ever exist.