๐Attention BTC enthusiasts! MicroStrategy's bold Bitcoin strategy is paying off big time! ๐ Since diving into the crypto world in 2020, the company has become the largest corporate holder of BTC, recently adding 3,000 more coins at a cost of $155.4 million. ๐ฐ
The timing is impeccable, as Bitcoin has soared 35% since the SEC approved spot BTC exchange-traded funds on January 11th. This surge has doubled MicroStrategy's holdings in value! ๐ However, Chairman Michael Saylor has stated that the company has no intentions of ever selling its BTC. ๐ โโ๏ธ
MicroStrategy's stock price (MSTR) has been riding the Bitcoin wave, reaching $995.5 on February 29th, a gain of 45.3% year-to-date, closely following Bitcoin's 47% increase. ๐
Founded in 1989, MicroStrategy's transformation into a leading crypto asset showcases the transformative power of the asset class in reshaping corporate fortunes. ๐
