MicroStrategy’s Strategic Acquisitions: A Bitcoin Success Story
As MicroStrategy’s CEO, Saylor made the bold decision to allocate the company’s resources to acquire significant amounts of bitcoin. In doing so, he built up a reserve of nearly $2 billion worth of the cryptocurrency by 2022. These purchases began when bitcoin was priced at around $10,000 and continued as the price surged to over $30,000. While some criticized Saylor’s decision to tie MicroStrategy’s fortune to bitcoin, the company believed in the long-term value and potential of the digital currency.
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