MicroStrategy Expands Bitcoin Holdings
MicroStrategy, a major Bitcoin supporter, has added 55,500 bitcoins worth approximately $5.4 billion to its reserves. This acquisition raises the company’s Bitcoin holdings to over $37 billion, reinforcing its commitment to cryptocurrency as a strategic asset.
Michael Saylor, MicroStrategy’s founder and executive chairman, emphasized Bitcoin’s role as a hedge against inflation and a long-term investment opportunity. The purchase comes amid a rally in Bitcoin prices, which recently surpassed $93,000. This move further solidifies institutional confidence in Bitcoin’s potential as a store of value
SOURCES: DailyCoin Cryptonews.
