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Microstrategy’s Bitcoin Obsession Reaches New Heights as They Dump Entire Salary Budget on 18,300 More Coins Because That’s Just What You Do When You’re Trying to Lose Everything

A  illustration depicting a giant piggy bank overflowing with coins, while in the background a businessman (likely Michael Saylor) is shown frantically throwing more money into the air as it falls back down to earth.

The eternal quest for a get-rich-quick scheme: Microstrategy Buys More Bitcoins Because Why Not?.

Source: bitcoin.com

Microstrategy has acquired 18,300 additional bitcoins for $1.11 billion, funded through stock sales. As of Sept. 12, the company holds 244,800 BTC, purchased at a total cost of $9.45 billion. Executive chairman Michael Saylor announced a BTC yield of 17.0% year-to-date. This acquisition was made through a prior sales agreement enabling stock sales to fund digital asset accumulation. Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) announced on Friday that it […]

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