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Michael Saylor Announces 1,440% Bitcoin Weekly Gains for MSTR Holders
Bitcoin’s strong performance has been gaining traction lately, with many analysts and investors expecting the cryptocurrency to continue its upward trend. In a recent announcement, Michael Saylor, the CEO of MicroStrategy, revealed that his company’s holdings in Bitcoin have experienced an astonishing 1,440% weekly gain.
As previously reported, MicroStrategy holds a significant amount of Bitcoin as part of its business strategy, and this impressive performance is likely to have a substantial impact on the company’s financials. The announcement has sparked interest among investors and traders alike, who are eagerly waiting for more information on the matter.
While some might see these gains as extraordinary, it’s essential to note that such rapid growth can also be accompanied by heightened volatility. As an investor, it is crucial to stay informed and adapt to changing market conditions to avoid losses.
Besides, the PPI data release is expected today with a 3.7% increase YoY in December. Another inflation metric CPI is expected to come out tomorrow, also higher than the previous one – 2.9% YoY.
Source: u.today
