Does MicroStrategy Now Own 1% Of Existing Bitcoin Supply? Big Win As Saylor Announces Purchase Of An Additional 9,245 BTC
MicroStrategy Inc., led by Chairman Michael Saylor, has made considerable investments in Bitcoin over the past several years. The buying activity has also picked up in recent months, as Bitcoin continues to soar and set new all-time highs. MicroStrategy’s most recent purchase of Bitcoin occurred this month. In early March, it sold $700 million worth of convertible bonds intending to use the funds to buy more Bitcoin. Many were awaiting the details of the purchase, which were released on March 18. Don’t Miss: About 22% of the adult population in the U.S. own a share of Bitcoin,how much would $1…