Bitcoin

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BlackRock

<div class="prose text-pretty dark:prose-invert inline leading-normal break-words min-w-0 [word-break:break-word]">Michael Saylor’s Strategy, formerly known as MicroStrategy, has significantly bolstered its Bitcoin portfolio, now holding an impressive 499,096 BTC. This substantial stash is valued at approximately $47.5 billion, marking a pivotal moment in the company’s relentless pursuit of cryptocurrency dominance.Recent developments have seen Strategy acquire an additional 20,356 Bitcoins for nearly $2 billion, pushing its total investment in Bitcoin to over $33 billion. This move not only solidifies Strategy’s position as the largest corporate holder of Bitcoin but also underscores its unwavering commitment to the digital asset.Strategy’s aggressive Bitcoin acquisition strategy, part of its ambitious “21/21 Plan,” aims to raise $42 billion through a combination of equity and fixed-income securities. The company has already secured $20 billion of this target, primarily through senior convertible notes and debt offerings. This financial maneuvering has allowed Strategy to maintain its leadership in the corporate Bitcoin space, inspiring numerous other companies to follow suit.The latest purchase brings Strategy closer to its goal of reaching 500,000 BTC, a milestone that would further cement its influence in the cryptocurrency market. With a significant unrealized profit of over $14.8 billion on its Bitcoin holdings, Strategy remains poised to continue its long-term investment strategy despite recent market fluctuations.Institutional interest in Strategy continues to grow, with major asset managers like BlackRock increasing their stakes and twelve U.S. states holding Strategy stock in their pension funds. This widespread support underscores the company’s strategic position in both the tech and finance sectors.</div>

Michael Saylor’s Strategy Surges Past $47 Billion in Bitcoin Holdings

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