Michael Saylor, the founder of MicroStrategy, said Tuesday his company acquired an additional $175 million in bitcoin (BTC) in a single purchase.

In what is the first, but likely won’t be the last, public company MicroStrategy (MSTR) has put nearly $500 million of their cash reserves into Bitcoin.
As the company announced in their Q2 earnings call, if you have large dollar values and you're hoping for any kind of return on them, that's faded. Gold, silver, and bitcoin are showing strength.”
Co-Chief Investment Officer, Crypto Futura Fund
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