Reported about 12 hours ago
Michael Saylor's company, Strategy (MSTR), announced the purchase of an additional $1.05 billion worth of bitcoin, raising its total investment to nearly $42 billion since August 2020. Despite a minor drop in stock price, Saylor emphasized a long-term buy-and-hold strategy, aiming to promote bitcoin as a treasury reserve asset. The company's approach has inspired other firms, though they face risks from bitcoin's volatility that can lead to substantial financial losses.
Source: YAHOO