United States firm MicroStrategy is attracting attention on the betting platform Polymarket, as users are placing bets on whether the company can acquire half a million Bitcoin by March. Despite US users being restricted from accessing Polymarket, there is still belief that MicroStrategy can achieve this feat. The company currently owns 471,107 Bitcoin, valued at $49.3 billion, representing 2.2% of the global Bitcoin supply. MicroStrategy's recent purchase of 10,107 BTC worth $1.1 billion indicates its continued appetite for the digital asset. The company's growing presence in the crypto industry has influenced other firms to follow suit. MicroStrategy CEO Michael Saylor has reaffirmed the company's commitment to Bitcoin, stating that its primary method of generating shareholder value is through its Treasury operations. Saylor is also open to providing advice on digital asset policy and serving on a council dedicated to cryptocurrencies. MicroStrategy is raising $2 billion through a preferred stock offering to further increase its Bitcoin holdings.
Content Editor ( cryptopolitan.com )
- 2025-02-01
Polymarket users bet on MicroStrategy’s Bitcoin acquisition
