Reported 7 days ago
MicroStrategy, led by Michael Saylor, has amassed a staggering $26 billion in Bitcoin, surpassing the cash reserves of corporate giants like IBM and Nike. The company's strategy, initially aimed at hedging against inflation during stagnant growth, has turned it into the largest publicly traded corporate holder of Bitcoin. This unconventional approach has garnered mixed reactions, yet investors have rallied behind it, resulting in a remarkable 2,500% increase in the company's stock value alongside Bitcoin's surge. Saylor plans to further grow their holdings, indicating a long-term commitment to the Bitcoin strategy.
Source: YAHOO