MicroStrategy, Semler, and Riot are continuing their buying spree as Bitcoin reaches a new peak. The popular cryptocurrency has been on a steady rise, prompting these companies to increase their investments.
MicroStrategy, a business intelligence firm, has been leading the charge in purchasing Bitcoin. They recently announced that they have bought an additional $15 million worth of the digital asset. This brings their total holdings to over 91,000 Bitcoins, worth around $4.5 billion.
Semler, a Brazilian investment firm, has also been actively investing in Bitcoin. They recently purchased $10 million worth of the cryptocurrency, adding to their growing portfolio. The firm has been bullish on Bitcoin for quite some time and sees it as a valuable asset for diversification.
Riot, a publicly traded company focused on blockchain technology, has also been increasing their Bitcoin holdings. They recently announced a $6 million investment in the cryptocurrency, further solidifying their position in the market.
As Bitcoin continues to reach new highs, these companies are taking advantage of the opportunity to increase their exposure to the digital asset. With the growing acceptance and adoption of Bitcoin, it is no surprise that more companies are jumping on the bandwagon and adding it to their investment portfolios.