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MicroStrategy Announces Bitcoin Purchase as BTC Price Plunges
In a surprising move, MicroStrategy, the enterprise software company known for its significant investments in Bitcoin (BTC), has announced another purchase of the world’s most popular cryptocurrency. The news comes at a time when the price of Bitcoin is plummeting.
According to reports, MicroStrategy will be acquiring a large quantity of BTC as part of their strategy to diversify their investment portfolio and hedge against inflation and other market risks.
The company’s CEO, Michael Saylor, has been vocal about his support for Bitcoin, stating that it is an attractive store of value given its limited supply and increasing adoption.
Source: u.today
