Odaily Planet Daily News MicroStrategy has accumulated 423,600 Bitcoins through convertible bonds and stock financing, valued at approximately 42 billion USD, accounting for 2% of the total Bitcoin supply. Since launching its Bitcoin purchasing strategy in August 2020, MicroStrategy's stock price has increased 30 times, attracting other companies to follow suit. Followers include Bitcoin mining companies such as Marathon Digital, Riot Platforms, Core Scientific, Terawulf, and Bitdeer, which have purchased Bitcoin through similar convertible bond financing. Additionally, Coinbase, as a custodian, holds over 11% of the total Bitcoin supply, including the Bitcoins held by MicroStrategy. Tesla and the Hong Kong gaming company Boyaa have also participated in the coin hoarding trend, with Tesla holding 1.5 billion USD in Bitcoin and Boyaa holding 3,183 Bitcoins, valued at 310 million USD. (DL News)
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MicroStrategy's 42 Billion USD Bitcoin Purchase Strategy Sparks Imitation
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