news 
Title: MicroStrategy Announces Enormous Bitcoin Purchase Following Nasdaq-100 Inclusion
CNBC interview with Michael Saylor has just concluded, and the news is already sending shockwaves through the cryptocurrency market. According to reports, the CEO of MicroStrategy, the business intelligence firm, has announced a massive Bitcoin purchase, citing the inclusion of its stock in the Nasdaq-100 index as the catalyst for this significant move.
During his interview with CNBC, Saylor compared his Bitcoin purchases to buying real estate in Manhattan, stating that just as developers issue more debt to develop properties when their value increases, he will continue to accumulate more Bitcoin as it rises. This strategy has already yielded impressive results for the company’s investment portfolio, with its shares experiencing a nearly 500% year-to-date gain.
However, Saylor emphasized that his company would never take profits from its massive gains in the event of a significant price increase, stating that the trust of the Bitcoin community is paramount to him. This stance underscores his commitment to transparency and long-term value creation for both his investors and the overall market.
MicroStrategy currently holds over $46.5 billion worth of Bitcoin in its treasury reserves, a testament to Saylor’s unwavering confidence in the digital currency.
Source: u.today
