MicroStrategy Increases Bitcoin Investments! đ
đ Michael Saylor-led MicroStrategy has added 7,420 BTC to its Bitcoin reserves. With this new purchase, the companyâs total Bitcoin holdings have reached 252,220 BTC, worth around $10 billion!
đ Bitcoin has gained 42% since the beginning of the year and is currently trading at $62,875. MSTR shares have gained 110% in the same period.
đĄ MicroStrategy is financing its Bitcoin purchases with convertible bonds, which offer investors the option to convert into stocks in the future.
đ Investors see MicroStrategy as an attractive option due to Bitcoinâs limited supply and its reliability as a digital asset.
Do you think MicroStrategyâs strategy will be successful in the long term? Share your thoughts in the comments! đŹ