MicroStrategy moves to Bitcoin standard – firm now up +77%

2023-3-28 14:00

Quick Take Yesterday, Microstrategy announced they acquired an additional 6,455 Bitcoin. While repaying its $205 million SIlvergate loan at a 22% discount. Since its first acquisition of Bitcoin in 2020, the stock is up 77% and outperforms all major asset classes.

S&P 500: +19%

Nasdaq: +16%

Gold: +2%

TLT: -38%

MicroStrategy’s equity market cap is now over $3 billion, compared to $1.2 billion when they moved to a Bitcoin standard. MSTR: (Source: Trading View)

The post MicroStrategy moves to Bitcoin standard – firm now up +77% appeared first on CryptoSlate.

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Microstrategy Just Bought Another $1.5 Billion Worth Of Bitcoin, Pushing Stash To 402,100 BTC

Michael Saylor’s MicroStrategy, the largest corporate holder of Bitcoin, is now the owner of nearly 2% of all Bitcoin that will ever be created after again buying the dip. On Monday, the business intelligence firm and “Bitcoin development company” announced that it had purchased even more Bitcoin for approximately $1.

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