MicroStrategy Makes Another Large Bitcoin Purchase, Buying 21,550 BTC for $2.1B
This latest buying spree brought the company’s total holdings to 423,650 tokens worth nearly $42 billion.
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Michael Saylor
This latest buying spree brought the company’s total holdings to 423,650 tokens worth nearly $42 billion.
Is Michael Saylor’s MicroStrategy in bubble territory? (Danny Nelson/CoinDesk)
The YouTube competitor had about $131 million of cash and cash equivalents on its balance sheet as of the end of the third quarter.
Michael Saylor says the US should and will build a reserve of bitcoin and explains why it is the greatest deal of the 21st century.
Michael Saylor’s MicroStrategy tops Coinbase as the biggest crypto stock after revealing huge plan to buy more bitcoin (BTC).
MicroStrategy Executive Chairman Michael Saylor at Bitcoin 2024 in Nashville, Tennessee (CoinDesk/Danny Nelson)
Microstrategy hits 17% of the trade volume of nvda
Bears on MicroStrategy’s high stock price compared to the amount of its bitcoin holdings are overlooking the company’s “unique” shareholder value, investment banking firm Benchmark said in a research report on Friday.
With the latest acquisition, the company now holds 252,220 bitcoin worth nearly $16 billion at current prices.
The company is the largest corporate bitcoin holder with 244,800 bitcoin worth over $14 billion in its treasury.