MicroStrategy, a leading business intelligence firm, recently made headlines with their $11 billion holiday shopping spree. However, this shopping spree wasn’t your typical trip to the mall. Instead of purchasing traditional assets, MicroStrategy went on a record-breaking Bitcoin binge.
The company’s CEO, Michael Saylor, has been a vocal advocate for Bitcoin, calling it a “digital gold” and a hedge against inflation. And it seems that MicroStrategy is putting their money where their CEO’s mouth is. With this latest purchase, MicroStrategy now holds a staggering amount of Bitcoin in their corporate treasury.
This move is not only significant for MicroStrategy, but also for the cryptocurrency market as a whole. It further solidifies Bitcoin’s place as a legitimate asset class and highlights the growing interest from institutional investors.
While some may view this move as risky, others see it as a strategic investment in the future of finance. Only time will tell if MicroStrategy’s holiday shopping spree pays off, but one thing is for certain – they have certainly made a bold statement with this record Bitcoin binge.