MicroStrategy continues its cryptocurrency campaign by adding 3K Bitcoin.
Key Takeaways
- MicroStrategy purchased an additional 3,000 Bitcoins to continue its strong commitment to cryptocurrency.
- Michael Saylor defends Bitcoin over other asset classes, noting that he has no plans to sell the company’s holdings.
- Analysts predict that Bitcoin ETFs will surpass gold ETFs in terms of assets within two years.
MicroStrategy, led by Michael Saylor, Expanded your Bitcoin (BTC) portfolio by purchasing an additional 3,000 units. of digital currency.
This acquisition, It amounts to $155 million, This reflects the company’s ongoing commitment to Bitcoin.
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not X post Saylor said that starting February 25, MicroStrategy will “It holds 193,000 BTC, acquired for approximately $6.09 billion.” Became the top Bitcoin investor among public companies.
In a recent interview, CEO Defends Bitcoin’s Excellence He said he was less interested in selling the company’s Bitcoin holdings than any other asset class.
There is no reason to sell winners to buy losers.
Senior ETF Analyst Eric Balchunas and Associate Analyst Andre Yapp are also bullish on Bitcoin and suggest: Bitcoin ETFs could surpass gold ETFs in size within the next two years.
Their report makes a notable point. More than $8 billion inflow into Bitcoin ETF Pretty That surpasses the $3.6 billion managed by gold ETFs. During the same period.
These changes could be challenging for gold ETFs, which hold $90 billion in assets, especially in the following situations: Stagnant gold price performance.
Michael Saylor’s firm belief in Bitcoin’s superiority over traditional asset classes reinforces the sentiment that cryptocurrencies are not only here to stay, but are ready to redefine investment strategies.
The acquisition was announced shortly after MicroStrategy’s
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