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As of 2024-07-18, MicroStrategy's market cap has increased by 200% since it began purchasing Bitcoin in 2020. The company now owns 226,331 bitcoins worth $15.1 billion, acquired at a cost of $7.5 billion. This has led to MicroStrategy trading at a 2.1x premium to the net asset value of its Bitcoin holdings. In related news, Boyaa, a Hong Kong Stock Exchange-listed company, has invested in the UTXO Bitcoin Ecosystem Fund and purchased an additional $100 million in Bitcoin for its treasury. Boyaa is the first public company in China to adopt a strategy similar to MicroStrategy's, with expectations that other companies will follow suit.
With rumors that Bitocin will be come national asset, things move fast in Asia too, Boyaa is the first public company in China to step up to a MicroStrategy-type role, and soon many others will follow! BTC Inc (Bitcoin Magazine & UTXO) is hyping up Bitcoin worldwide. This is just… https://t.co/awq0BlCms7
Boyaa is the first public company in China to step up to a MicroStrategy-type role, and soon many others will follow! BTC Inc (Bitcoin Magazine & UTXO) is hyping up Bitcoin worldwide. This is just the beginning,more news is coming out soon. And many more $100m bitcoin incoming https://t.co/awq0BlCms7
Boyaa is the first public company in China that stepping up to Microstrategy type roles, and soon many will followes! BTC inc (Bitcoin magazine & UTXO ) are making the history. Not allow to share yet, but pretty big news incoming https://t.co/awq0BlCms7