MicroStrategy buys 1,045 bitcoin, and Invest Diva explains her crypto confidence – CNBC Crypto World
Join Our Telegram channel to stay up to date on breaking news coverage MicroStrategy has made yet another addition of over a thousand bitcoin s to its current portfolio, further extending its position as the number one public company with the largest bitcoin holdings. MicroStrategy Buys 1,045 BItcoin, Holdings now at $4.1 Billion Software giant MicroStrategy has announced that it has purchased an additional 1,045 Bitcoins, worth $29.3 million, as it doubles down on its bet on the number one cryptocurrency. This latest acquisition brings the company’s total Bitcoin holdings to 140,000, valued at $4.1 billion, making it the public company with the largest stash of the cryptocurrency. MicroStrategy’s long-term investment strategy in Bitcoin appears to be nearing profitability, with the current price of the asset only needing to increase by 6% for the company to make a profit. In 2020, Michael Saylor, the founder of MicroStrategy, recognized Bitcoin as a potential he...