MicroStrategy Bolsters Bitcoin Holdings

February 27th, 2024
MicroStrategy has further cemented its position as a major corporate Bitcoin investor by purchasing an additional 3,000 BTC for roughly $155 million. This latest acquisition, disclosed in a recent SEC filing, raises their total Bitcoin holdings to an impressive 193,000 BTC. CEO Michael Saylor's strategy reflects a strong belief in Bitcoin as a durable store of value and inflation hedge, amidst growing institutional interest in digital assets. With these purchases, MicroStrategy's Bitcoin investments now total around $10 billion at current market prices, showcasing an unrealized profit of $3.8 billion. This move not only reinforces the company's bullish stance on Bitcoin but also signals its commitment to influencing the broader finance landscape towards digital asset adoption.
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