CandleFocus Michael Saylor hints at MicroStrategy’s upcoming Bitcoin purchase
2024-11-17
Author: Content Editor
Michael Saylor, co-founder of MicroStrategy, has hinted at a potential new Bitcoin acquisition after purchasing 27,200 Bitcoin between October 31 and November 10. Saylor mentioned that MicroStrategy's portfolio tracker needs more "green dots," visual markers indicating each instance of Bitcoin purchased. This has led to speculation that the company may reveal additional Bitcoin investments soon. MicroStrategy currently holds 279,420 BTC, valued at around $25 billion, surpassing the cash reserves of major corporations. The company aims to raise $42 billion over the next three years to fund its Bitcoin purchases and become the leading Bitcoin bank. MicroStrategy's stock price has risen over 430% this year in line with rising Bitcoin values.
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