MicroStrategy Continues Bitcoin Buying Spree, Now Holds $6.65B as Inflation Hedge Strategy Pays Off
• MicroStrategy bought another $5.9M worth of BTC, now holds 174,530 BTC valued at $6.65B • Total cost of MicroStrategy's BTC investment so far is $5.33B, sitting on $1.35B unrealized profit • MicroStrategy became largest corporate BTC holder after entering market in Aug 2020 as inflation hedge • Strategy successful so far, stock up 238% since adopting “BTC standard” per CEO Michael Saylor • MSTR stock down 1.74% yesterday but up 16.79% in past month amid crypto market volatility