Forget Buying the Dip, MicroStrategy Buys $15M of Bitcoin as It Nears the All-Time High

Bloomberg

Bitcoin Hoard Fuels One of World’s Biggest Crypto Fortunes

(Bloomberg) — It’s the latest corporate strategy for companies from Tesla Inc. to Square Inc.: shift a portion of cash reserves into cryptocurrencies as digital assets become more mainstream.Still, few have gone as far as MicroStrategy Inc. Eight months after its first investment, the software firm has a Bitcoin holding worth more than $5 billion.Shares of MicroStrategy have rocketed almost 600% since mid-July, boosting…


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