Assets, Bitcoin

Is MicroStrategy Still Buying Bitcoin?

In September 2020, MicroStrategy announced it had invested $250 million in Bitcoin, buying 21,454 BTC. This was the first major publicly-listed company to invest in Bitcoin.

The move sent shockwaves through the business world, and many began to wonder if other companies would follow suit.

NOTE: This warning note is to alert readers that there is no official confirmation from MicroStrategy that they are still buying Bitcoin. As such, any information regarding the company’s current investment activities in the cryptocurrency should be treated with caution and verified before taking any action. Additionally, individuals should be aware of the high volatility of cryptocurrencies and invest responsibly.

MicroStrategy CEO Michael Saylor has been a big proponent of Bitcoin, and has been vocal about his belief that the cryptocurrency is a wise investment. He has even urged other companies to invest in Bitcoin, saying that it is a “hedge against macroeconomic uncertainty.”

So far, no other major companies have announced that they are investing in Bitcoin. However, this could change in the future if more businesses begin to see the benefits of cryptocurrency.

For now, MicroStrategy remains the only major company with a significant investment in Bitcoin.

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