MicroStrategy Buys More Bitcoin Despite Shareholder Concerns

MicroStrategy announced today that it spent nearly $1 billion to acquire an additional 10,624 BTC, increasing its total Bitcoin holdings to 660,624 BTC. The purchase comes at a moment of heightened scrutiny for MicroStrategy’s figurehead, Michael Saylor. The company has faced significant pressure during a broader market downturn driven by Bitcoin’s weak price performance. Accumulation Continues as Pressures Grow Saylor has continued expanding MicroStrategy’s Bitcoin holdings despite sustained public scrutiny of the company’s approach source: https://beincrypto.com/microstrategy-buys-more-bitcoin-despite-concerns/