FILE PHOTO: The logo of the Bitcoin digital currency is seen in a shop in Marseille, France, February 7, 2021. REUTERS/Eric Gaillard/File Photo
(Reuters) - Major bitcoin corporate backer MicroStrategy will borrow $600 million to buy more of the currency, it said on Tuesday, as the cryptocurrency surged past $50,000 in a rally fueled by wider acceptance among investors.
The company, whose Chief Executive Michael Saylor is one of the most vocal proponents of bitcoin, spent last year steadily amassing more of the currency after making its first investment in August as it soared in value.
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