
Michael Saylor's MicroStrategy has significantly increased its Bitcoin holdings, now owning 193,000 Bitcoin, with the latest purchase being 3,000 Bitcoin for $155 million. This acquisition has brought MicroStrategy's unrealized profit on its Bitcoin investment to $3.8 BILLION, based on an initial investment of $6.09b. The cryptocurrency market is witnessing a surge, with the market cap approaching the $2T threshold, a level last seen in April 2022. This surge is partly fueled by increases in both Bitcoin and Ethereum. Concurrently, Bitcoin ETFs are gaining traction, potentially surpassing gold ETFs in assets under management within less than 2yrs. This shift comes as gold ETFs experience outflows, while the crypto market, especially Bitcoin, sees an influx of investment. Analysts note the growing interest in Bitcoin as a store of value, with Michael Saylor of MicroStrategy viewing Bitcoin as "the strongest asset," expecting capital to continue flowing from other asset classes into Bitcoin.
Gold ETFs have suffered outflows as bitcoin fund assets continue upward. But the relationship isn’t clear cut, analysts note. https://t.co/bPj4MlwvWP
📣 How @MicroStrategy (#MSTR) plans on using its 190,000 #Bitcoin for its Digital Property Development Company & "Digital Energy" Company 🧐After studying 100+hrs of @saylor podcasts, I found the 🤯 facts FOR YOU 📚Read this🧵 & Watch the clips below to see the Proof 👇 1/ https://t.co/eYQc70Dq4C
Michael Saylor’s MicroStrategy has acquired more Bitcoin as the cryptocurrency jumped from around $41,000 at February’s beginning to over $50,000 as it draws to a close https://t.co/E4omwZWpxs




