Posted 2/26/2024, 5:56:51 PM
MicroStrategy Buys Another $155 Million in Bitcoin, Now Holds $10 Billion Total
- MicroStrategy has purchased an additional 3,000 BTC for $155.4 million, bringing its total BTC holdings to 193,000 BTC
- The company has spent $6.09 billion on BTC purchases; its holdings are now worth over $10 billion
- CEO Michael Saylor says he plans to "keep buying the top forever," viewing Bitcoin as the exit strategy
- Bitcoin's recent price surge has pushed MicroStrategy's holdings into profitability after previous losses
- Saylor predicts increasing scarcity and institutional demand will soon make Bitcoin a trillion-dollar asset class