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One of the biggest corporate investors in Bitcoin, MicroStrategy, has revealed yet another major buy. The business bought 7,420 BTC between September 13 and 19. This most recent addition confirms MicroStrategy’s great dedication to Bitcoin as a component of its long-term business plan.
The recent purchase takes MicroStrategy’s whole Bitcoin reserves much closer to new benchmarks. Seeing Bitcoin as a hedge against inflation and a store of value, the company has steadily raised its holdings of the cryptocurrency despite swings in the market.
MicroStrategy, led by Michael Saylor, has developed a reputation for audacious crypto movement activity. Seeing Bitcoin as a better asset than conventional currencies or investments, the company’s approach revolves around long-term buying and holding of the cryptocurrency. MicroStrategy shows no indication of slowing down its Bitcoin acquisition plan with this buy.
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