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MicroStrategy Prepares for More Bitcoin Purchases Ahead of New Year
In a move that has sent shockwaves throughout the cryptocurrency market, business intelligence firm MicroStrategy has announced its intention to continue purchasing Bitcoin ahead of the new year. This latest development comes on the heels of the company’s recent acquisition of 5,200 BTC, which brings their total holdings to an astonishing 444,262 BTC.
According to sources familiar with the matter, Michael Saylor, the CEO of MicroStrategy, has made it clear that his firm will not be slowing down in its pursuit of the leading cryptocurrency. This is a bold move, especially given the recent market fluctuations, but one that may pay off handsomely for investors if successful.
The sheer scale of MicroStrategy’s Bitcoin purchases is unprecedented, with their total holdings now valued at approximately $41.64 billion at current prices. This staggering valuation would put them firmly in control of over 1% of the global circulating supply of Bitcoin.
Saylor has made it clear that this latest purchase is part of a larger strategy to aggressively expand its holdings and solidify MicroStrategy’s position as the largest corporate holder of Bitcoin.
Source: www.crypto-news.net
