MicroStrategy, a business intelligence company, has marked three years since it first invested in Bitcoin. The company's CEO at the time, Michael Saylor, directed the purchase of 21,454 BTC for $250 million in August 2020, and since then, MicroStrategy has become the largest institutional holder of Bitcoin. As of July 31st, the company holds 152,800 BTC, acquired for $4.53 billion, and its stock has risen over 210% since the announcement of its first Bitcoin purchase. However, the company's stock has also experienced a decline of over 70% from its three-year high in February 2021.
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MicroStrategy Marks Three Years of Holding Bitcoin With $4.53B in BTC and Company Stock Up 210%+
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Analysis: MicroStrategy’s BTC purchases offset German government selling pressure
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