Reported about 3 hours ago
MicroStrategy, under Michael Saylor's direction, has raised eyebrows with its recent acquisition of 55,500 bitcoin for $5.4 billion, resulting in total holdings of 386,000 BTC. This concentration of ownership raises concerns about the decentralization of bitcoin, as Saylor's aggressive purchasing strategy could allow him to control over 4% of the total supply. While the bitcoin community currently supports Saylor, experts warn that heavy ownership by individual entities like MicroStrategy and BlackRock may contradict the core principles of decentralization in cryptocurrency.
Source: YAHOO