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MicroStrategy and Strive Purchase 1,065 Bitcoin in Latest Acquisitions

(3 hours ago) · 1 source · Summarized by CryptoBipto

MicroStrategy and Strive have collectively purchased 1,065 Bitcoin. The purchases continue MicroStrategy's long-running strategy of accumulating Bitcoin, led by executive chairman Michael Saylor. The report raises questions about whether these companies can continue buying at prices below their average cost basis.

WHY IT MATTERS

When a company buys Bitcoin and holds it on its balance sheet, it is making a bet that Bitcoin will be a useful store of value over time.

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SOURCES

  • beincrypto.com

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