Andrew Kang
Crypto
Michael Saylor’s MicroStrategy Holds On To Its “Bitcoin Long” Strategy!
Nasdaq-listed US Software firm MicroStrategy is one of the major Bitcoin players and influencers in the global Bitcoin segment. The company has a market cap of some $2.7 billion and purchased over 129,000 bitcoins since August 2020. The company, co-founded by CEO Michael Saylor in 1989, first bought the cryptocurrency by converting $250 million of its cash holdings into 21,454 BTC. Since then, it has converted proceeds from the software business and €2.4 billion in debts to acquire Bitcoins.
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