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MicroStrategy’s Saylor posts BTC tracker, hints at Monday purchase

MicroStrategy holds a substantial amount of Bitcoin, specifically 446,400 BTC, which is valued at approximately 43.7 billion USD. The company has been strategically increasing its Bitcoin assets as part of their significant 21/21 plan aimed at substantial investments in this cryptocurrency.

Michael Saylor, co-founder of MicroStrategy, recently posted a Bitcoin chart on the SaylorTracker website, hinting at a potential purchase on the upcoming Monday. This follows a pattern observed when MicroStrategy bought 2,138 BTC at the end of December, further expanding their Bitcoin reserves.

MicroStrategy is diversifying its funding strategies, raising 2 billion USD through a perpetual preferred stock offering by Q1 2024. This initiative is separate from the company’s 21/21 plan. Recently added to the Nasdaq 100, MicroStrategy offers investors indirect exposure to Bitcoin, enhancing traditional investment portfolios.

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