MicroStrategy Accelerates Bitcoin Acquisition Ahead of Upcoming Halving, Now Holds 190k BTCs

Coinspeaker
MicroStrategy Accelerates Bitcoin Acquisition Ahead of Upcoming Halving, Now Holds 190k BTCs
MicroStrategy Inc (NASDAQ: MSTR) stock has dropped about 21 percent since the calendar flipped in January to trade around $490 on Wednesday. MicroStrategy, a United States-based company that engages in the provision of enterprise analytics and mobility software, has significantly benefited from the Bitcoin strategy adopted by Michael Saylor three years ago. Notably, the company has accumulated more Bitcoins than any other publicly traded company in the past few years around the world.
As a result, MicroStrategy is well-positioned to reap more profits from the confirmed macro bull market in the coming quarters. Furthermore, the adoption of Bitcoin in the United States through the recently approved spot Bitcoin exchange-traded funds (ETFs) has further increased the bullish case scenario amid the upcoming halving. Meanwhile, MicroStrategy has a market valuation of about $8.2 billion wi

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