Cryptocurrency

Bitcoin

Million

Bold

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/microstrategy-expands-dominance-in-crypto-with-bold-821-7-million-bitcoin-investment" rel="noopener noreferrer nofollow">MicroStrategy Expands Dominance in Crypto with Bold $821.7 Million Bitcoin Investment</a><br></p>
<p style="text-align: justify">In a bold move that cements its position as a prominent <a href="https://en.bitcoinhaber.net/vaneck-predicts-bitcoins-surge-despite-expected-recession-in-the-us" rel="noopener noreferrer nofollow">Bitcoin</a> investor, MicroStrategy has recently acquired an additional 12,000 <a href="https://en.bitcoinhaber.net/crypto-markets-experience-major-sell-off-as-global-market-value-drops" rel="noopener noreferrer nofollow">BTC</a> at an average price of $68,477 per unit, investing a total of $821.7 million in cash. The transaction took place over a two-week period, from February 26 to March 10, 2024, and showcases the firm’s strategy to utilize Bitcoin as a primary reserve asset for its treasury.</p>
<h2 id="microstrategy-s-bitcoin-treasury-reaches-a-new-milestone">MicroStrategy’s Bitcoin Treasury Reaches a New Milestone</h2>
<p style="text-align: justify">Before this significant expansion, MicroStrategy’s holdings were approximately 193,000 BTC, valued at around $26.39 billion. With the addition of 12,000 BTC, the company’s inventory of the <a href="https://en.bitcoinhaber.net/crypto-funding-plummets-in-2023-despite-bitcoins-rally-and-ais-rising-star" rel="noopener noreferrer nofollow">cryptocurrency</a> has now surpassed the 200,000 mark. This move is not just an increase in quantity but also a statement of confidence in Bitcoin as a safeguard against inflation and a depreciating US dollar.</p>
<p style="text-align: justify">By directing a substantial part of its reserves to Bitcoin, the company aims to maintain and grow its capital over time. MicroStrategy believes in the potential of a decentralized, finite digital asset like Bitcoin to accomplish this goal.</p>
<p style="text-align: justify">MicroStrategy’s latest investment reiterates its belief in Bitcoin as a reliable store of value during economic instability. The company’s chairman, Michael Saylor, is a well-known proponent of Bitcoin, promoting it as a superior currency that can shield wealth from fiat currency devaluation.</p>
<h2 id="corporate-embrace-of-cryptocurrency-as-a-viable-asset-class">Corporate Embrace of Cryptocurrency as a Viable Asset Class</h2>
<p style="text-align: justify">With this aggressive strategy of accumulating Bitcoin, MicroStrategy positions itself as a leading institutional investor within the cryptocurrency landscape. The firm’s ongoing investment in Bitcoin reflects a conviction in its enduring value and a dedication to encouraging cryptocurrency adoption at the corporate level.</p>
<p style="text-align: justify">As MicroStrategy continues to funnel resources into Bitcoin, other corporate and institutional actors are taking note. This trend of recognizing Bitcoin as a credible asset class is gaining momentum, solidifying its status as an accepted investment option in the mainstream financial market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/microstrategy-expands-dominance-in-crypto-with-bold-821-7-million-bitcoin-investment" rel="noopener noreferrer nofollow">MicroStrategy Expands Dominance in Crypto with Bold $821.7 Million Bitcoin Investment</a></h5>

MicroStrategy Expands Dominance in Crypto with Bold $821.7 Million Bitcoin Investment

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