MicroStrategy's Bitcoin Treasury Surpasses All Others Combined

By: Eliza Bennet

MicroStrategy has astonishingly surpassed all other Bitcoin treasuries combined. The firm's founder and chairman, Michael Saylor, stated that their purchase is intended for long-term hold of about 100 years, indifferent to the Bitcoin's price fluctuations. The recent crash from $66K to $16K, according to Saylor, has only managed to unsettle the tourists in the market.

Furthermore, they have recently procured an additional 12,000 BTC using the proceeds from the sale of Convertible Senior Notes. This addition bolsters their Bitcoin treasury to a staggering 205,000 BTC, which is valued approximately at $14.7 billion.