MicroStrategy's Massive Bitcoin Bet Pays Off as Price Rebounds Near $31K
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MicroStrategy's $4.8 billion Bitcoin investment is profitable again as price nears $31K.
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The company started buying Bitcoin over 3 years ago and is up over 160% on its investment.
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MicroStrategy holds more Bitcoin than any other public company, with over 158,000 coins.
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Founder Michael Saylor sees Bitcoin as "digital gold" and a hedge against inflation.
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Since first buying Bitcoin, MicroStrategy's stock price has risen over 150%.