Chief Executive Officer Michael Saylor said it was the Federal Reserve’s decision to relax inflation policy that convinced him to make the move. The enterprise software company invested $250 million in the cryptocurrency in August and then another $175 million in September. He is expecting even more going forward, he added.
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Publicly Owned MicroStrategy Makes Unprecedented $425M Bitcoin Investment
MicroStrategy Inc. became the first public company to invest “the lion’s share of its treasury” in Bitcoin. So reports Bloomberg.
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