MicroStrategy Boosts Bitcoin Portfolio with $786M Investment

Thursday, 20 June 2024, 12:29
MicroStrategy, led by Michael Saylor, has acquired an additional 11.9K bitcoins for $786M, increasing their total bitcoin holdings to 226,331, valued at nearly $15 billion. This strategic move underscores the company's bullish outlook on Bitcoin as a long-term asset despite market fluctuations. The purchase highlights MicroStrategy's commitment to cryptocurrency and its belief in Bitcoin's potential to serve as a store of value and hedge against inflation.
CoinDesk
MicroStrategy Boosts Bitcoin Portfolio with $786M Investment

MicroStrategy Expands Bitcoin Holdings

MicroStrategy has made a significant investment in Bitcoin, acquiring 11.9K more bitcoins for $786M, bringing their total holdings to 226,331 bitcoins.

Strategic Acquisition by Michael Saylor

The purchase was spearheaded by Michael Saylor, indicating the company's strong confidence in Bitcoin as a valuable asset.

  • Current Holding: 226,331 bitcoins worth nearly $15 billion
  • Strategy: Long-term view on Bitcoin as a secure store of value

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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