MicroStrategy Increases Bitcoin Holdings, Purchases Additional $347 Million

By Lola Coin Jun 28, 202392Views

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Business intelligence company MicroStrategy has announced that it has purchased an additional $347 million worth of Bitcoin, bringing its total holdings to 152,333 BTC. MicroStrategy has been a strong supporter of Bitcoin, with former CEO Michael Saylor describing it as the digital synthetic successor to gold. The company started buying Bitcoin in August 2020 and has continued to invest since then. Other companies, such as Tesla and Galaxy Digital Holdings, have also allocated portions of their portfolios to Bitcoin. Despite the cryptocurrency’s recent decline in price, the growing interest from institutional investors is seen as a positive sign for Bitcoin’s future.

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