In a recent Twitter post on 5th December, MicroStrategy announced a purchase of additional 2,574 Bitcoin worth $50 million. Michael Saylor, Founder and CEO of MicroStrategy, confirmed the purchase. With Bitcoin surpassing its ATH previously, this news does not come as a surprise. MicroStrategy is a business intelligence firm based out of the United States. It has continuously shown a bullish attitude towards the crypto king, Bitcoin.
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https://bitcoinworld.co.in/microstrategy-strengthens-its-bitcoin-game-invests-addition-50m-in-btc/If I am not mistaken, this is the 3rd phase of purchasing bitcoin for them! Microstrategy is taking a huge risk as they are pouring a lot of money into bitcoin! It can either fetch them a lot of profit or can land them in a mess! Time will tell what would that be! But considering the volatility, it's a huge risk for an organization!
But such kind of purchase will certainly strengthen the bitcoin ecosystem as more liquidity will flow into it! Good for us!