Cryptocurrency
MicroStrategy says it may boost its bitcoin holdings past $250M, per new filing
As reported on The Block, “A publicly-traded company called MicroStrategy made waves last month for allotting some of its strategic capital into bitcoin — some $250 million, as reported at the time. “MicroStrategy had previously indicated that it saw bitcoin and other alternative investments as a means to avoid inflation, noting that ‘it makes sense to […]
As reported on The Block, “A publicly-traded company called MicroStrategy made waves last month for allotting some of its strategic capital into bitcoin — some $250 million, as reported at the time.
“MicroStrategy had previously indicated that it saw bitcoin and other alternative investments as a means to avoid inflation, noting that ‘it makes sense to shift our treasury assets into some investments that can’t be inflated away or are less likely to be inflated away.’
“A new filing from September 14 indicates that the company might be eyeing additional bitcoin purchases…”