Yesterday, Microstrategy announced they acquired an additional 6,455 Bitcoin. While repaying its $205 million SIlvergate loan at a 22% discount. Since its first acquisition of Bitcoin in 2020, the stock is up 77% and outperforms all major asset classes. MicroStrategy’s equity market cap is now over $3 billion, compared to $1.2 billion when they moved to a Bitcoin standard.
(By James Van Straten)
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