MicroStrategy buys $2.03 billion in Bitcoin, betting on it as a hedge against inflation.
MicroStrategy, a business intelligence firm, purchased $2.03 billion worth of Bitcoin in August 2020, with the CEO believing in Bitcoin's potential as a store of value and hedge against inflation. This significant investment positions MicroStrategy as a leader among major corporations embracing Bitcoin for diversification. The company has since added more Bitcoin, with current profits estimated at $11 billion.
November 11, 2024
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