Reported 13 days ago
MicroStrategy Inc. has acquired approximately 27,200 Bitcoin for around $2.03 billion, marking its largest purchase since late 2020, elevating its total Bitcoin holdings to about $24 billion. The company transitioned from cash purchases to leveraging stock and convertible debt sales for its crypto investments. Michael Saylor, co-founder and Chairman, initiated Bitcoin investments as a hedge against inflation, leading to a remarkable 2,500% stock increase since August 2020, while Bitcoin itself has surged about 660% during the same timeframe.
Source: YAHOO