MicroStrategy, a business intelligence firm, has made various large Bitcoin purchases since 2020, accumulating over 331,200 BTC. Their latest purchase, announced on Monday, brought their holdings to more than $30 billion worth of Bitcoin. Despite a drop in Bitcoin's price shortly after the announcement, it rebounded and reached a daily high of $92,653. MicroStrategy's previous purchases have had varying impacts on Bitcoin's price, with some resulting in gains and others leading to negligible changes. Overall, MicroStrategy has played a significant role in pioneering the use of Bitcoin as a treasury reserve asset model.



Other News from Today