Michael Saylor's MicroStrategy Fires A Bitcoin Cannon With Billions Blazing In Daring Gamble
Portfolio Pulse from Murtuza Merchant
MicroStrategy Inc (NASDAQ:MSTR) has added 12,333 Bitcoin to its holdings, investing around $347 million. This brings the company's total Bitcoin holdings to 52,333 coins, which have been amassed for a staggering $4.52 billion. Despite considerable losses since its initial investment in 2020, the company's co-founder and chairman, Michael Saylor, remains dedicated to cryptocurrency.
June 28, 2023 | 4:08 pm
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POSITIVE IMPACT
MicroStrategy's significant investment in Bitcoin could influence the cryptocurrency's price.
As a major holder of Bitcoin, MicroStrategy's investment decisions could influence the cryptocurrency's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MicroStrategy's continued investment in Bitcoin, despite significant losses, could impact investor confidence and the company's stock price.
MicroStrategy's continued investment in Bitcoin, despite significant losses, indicates a high-risk strategy that could deter some investors and impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100