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 <p>Meanwhile, the <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> price managed to hold steady in the current range with sideways movement. In parallel with the <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> price, the Microstrategy stock price grew by an impressive 193% on year to date basis in 2023.</p> 
 <h2 id="what-next-for-microstrategy-if-bitcoin-etf-gets-approved">What Next For MicroStrategy If Bitcoin ETF Gets Approved</h2>  
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 <p>The MicroStrategy stock price has clearly been correlated with the <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> price in recent years. Hence, the software company would naturally do well in raising capital if the <a rel="noopener noreferrer nofollow" title="Crypto Market" href="https://thebittimes.com/tag/crypto-market.html">Crypto Market</a> rallies. In case a <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> ETF is approved in the near future, the cryptocurrency market would likely go bullish, which in turn is beneficial for the company. As recent as June 28, 2023, the Micheal Saylor founded company bought&nbsp;12,333 <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>, taking its total holdings to 152,333 $BTC.</p> 
 <p>The BTC accumulation move from the world’s largest institutional <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> holder came at a time when the biggest of asset managers were filing for the ETF applications. In fact, Microstrategy’s <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> holdings is indirectly linked to the likes of Blackrock and Fidelity. Among the top stockholders of the company are Blackrock and Fidelity, which have filed for the spot <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> ETF approval with the US SEC.</p>  
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Bitcoin ETF Launch Could Affect MicroStrategy's Crypto Strategy

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