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MicroStrategy Announces Enormous Bitcoin Purchase Following Nasdaq-100 Inclusion
In a significant move, Virginia-based business intelligence firm MicroStrategy has announced a massive $2.1 billion purchase of Bitcoin (BTC), just days after being included in the tech-heavy Nasdaq-100 index.
This latest acquisition brings the company’s total investment in Bitcoin to over $5.7 billion, solidifying its position as one of the largest institutional holders of the cryptocurrency.
MicroStrategy had previously announced a $2 billion capital raise in October, with the intention of using these funds to purchase more Bitcoin. It appears that the company has not only met but significantly exceeded this target, demonstrating its commitment to digital assets.
The move comes just days after MicroStrategy was added to the Nasdaq-100 index, a significant milestone for both the company and the broader cryptocurrency market.
It’s worth noting that MicroStrategy’s CEO Michael Saylor is known for his bullish views on Bitcoin, having previously stated that he believes it will continue to rise in value over time.
Source: u.today
