news 
MicroStrategy Announces Enormous Bitcoin Purchase Following Nasdaq-100 Inclusion
In a surprising move, Virginia-based business intelligence firm MicroStrategy has announced a massive $2.1 billion purchase of bitcoin. This announcement comes on the heels of the company’s inclusion in the tech-heavy Nasdaq-100 index.
The news sent shockwaves through the crypto community, as it marks a significant milestone for institutional investors and highlights the growing mainstream acceptance of cryptocurrency as a viable asset class.
MicroStrategy initially announced its plans to raise $500 million to purchase more bitcoin, but the overwhelming response from investors has led to an increase in capital raised by over 300%. This monumental step demonstrates the trust that investors have placed in the company’s vision for bitcoin and digital assets.
As reported, this purchase brings MicroStrategy’s total bitcoin holdings to a staggering $6.2 billion. The company continues to surpass Bill Gates’ investment of around $100 million in early 2020, further solidifying its position as a leading institutional investor in cryptocurrency.
The news comes as no surprise, given the recent surge in popularity and demand for digital assets. The price action in bitcoin has been incredible, with the asset recently reaching a new record high of $106,352 according to CoinGecko data.
Source: u.today
