Michael Saylor’
s MicroStrategy Acquires 11.9K More Bitcoin for $786M
Michael Saylor’
s MicroStrategy has acquired an additional 11,931 Bitcoin for $786 million, bringing its total holdings to 226,331 BTC worth nearly $15 billion.
This purchase, funded by an $800-million convertible note offering,
continues the company’
s strategy of accumulating Bitcoin as a reserve asset. While MicroStrategy’s approach has led to a tenfold increase in its stock price over four years, it remains a controversial strategy. Some companies like Semler Scientific are following suit, while most corporations remain cautious about adding significant cryptocurrency to their balance sheets.
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