Reported 3 days ago
MicroStrategy Inc. has purchased $209 million worth of Bitcoin, continuing its trend of weekly acquisitions for eight consecutive weeks. The firm, led by co-founder Michael Saylor, aims to significantly expand its Bitcoin holdings, contributing to its market capitalization exceeding $80 billion. Recently, the company acquired 2,138 Bitcoin tokens at an average price of $97,837, despite a decline in Bitcoin prices. MicroStrategy also plans to raise $42 billion in capital over the next three years to fund further acquisitions.
Source: YAHOO