Should You Follow MicroStrategy’s Lead and Invest in Bitcoin?
- MicroStrategy bought 11,931 Bitcoins between April 27 and June 19, their third biggest purchase.
- The company has so far spent more than $2.4 billion on Bitcoin in 2024, this money was raised by taking a loan.
- MicroStrategy now holds 226,331 BTC, worth $14.9 billion.
- He has made 80% paper gain on his Bitcoin investment (paper gain). MicroStrategy considers Bitcoin as a way to escape inflation and a valuable asset.
- The company’s share price has increased (has increased) by more than 1,000% since they started buying Bitcoin.
- This step shows the strong belief of MicroStrategy in the future of Bitcoin.
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