CandleFocus Michael Saylor’s MicroStrategy Bitcoin investment tops $10 billion in profit
2024-11-10
Author: Content Editor
MicroStrategy, a business intelligence company, has seen its Bitcoin investments reach over $10 billion in profit as the cryptocurrency's price surges. The company's founder, Michael Saylor, celebrated Trump's election win and referred to him as the "Bitcoin President". MicroStrategy plans to expand its Bitcoin holdings further and has announced its intention to secure $42 billion in funding for Bitcoin acquisitions over the next three years. Saylor also predicted that many countries would start using Bitcoin as a treasury reserve asset, although some countries may face legal battles and regulatory considerations. European countries are showing more acceptance towards cryptocurrencies, with the new MiCA framework gaining appreciation. Norway is considering additional regulations for financial stability.
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