The post MicroStrategy Holds 471,107 Bitcoin as Possibilities for Corporate BTC Purchases Emerge appeared on BitcoinEthereumNews.com.

MicroStrategy has reached a significant milestone in its Bitcoin holdings, amassing over 471,107 BTC, valued at approximately $30 billion. Breaking its prior trend, the company has decided not to sell shares to finance this accumulation, signaling a firm commitment to cryptocurrencies. Michael Saylor, the executive chair of MicroStrategy, emphasized that their recent investment strategy reflects a long-term vision for Bitcoin as a key asset in their portfolio. MicroStrategy holds over 471,107 BTC valued at around $30 billion, marking a major shift in corporate investment strategies toward Bitcoin amid economic uncertainty. MicroStrategy’s Strategic Shift and Bitcoin Accumulation In a bold move that underscores its belief in Bitcoin as a long-term asset, MicroStrategy announced that it has halted its practice of selling shares to fund Bitcoin purchases. As of February 2nd, 2025, the company holds a staggering 471,107 BTC, showcasing a substantial investment of over $30 billion. This shift in strategy comes after the firm’s continuous accumulation of Bitcoin, which began in August 2020 with a notable purchase of 21,454 BTC for $250 million. By refraining from selling shares, MicroStrategy positions itself firmly in the market, indicating a steadfast commitment to cryptocurrency as financial markets grapple with inflation and economic volatility. Impact of External Economic Factors on Bitcoin Prices The landscape for Bitcoin investors has been influenced by various external factors, including geopolitical tensions and economic policies. Recently, the price of Bitcoin dipped below $100,000 following announcements by U.S. President Donald Trump regarding potential tariffs on imports from countries such as China, Mexico, and Canada. However, the market reacted positively after a temporary agreement was reached with Mexican officials, allowing Bitcoin to recover slightly to more than $98,000. This volatility highlights the sensitive nature of Bitcoin prices to external economic news, emphasizing the necessity for investors to remain informed and adaptable. Corporate…

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Filed under: News - @ February 3, 2025 9:26 pm