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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.

bitcoin 3089728 640 smallChief 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.

Read the full article from Bloomberg.

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