MicroStrategy’s Bitcoin conviction ‘strong’ as it posts Q1 profit
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Business intelligence platform MicroStrategy has reiterated its commitment to its Bitcoin (
With the price of BTC at $28,100 currently, MicroStrategy is down around 5.7% on its Bitcoin investment.
The firm was however in the “green” for a period of time last month when BTC skyrocketed to its most recent high of $30,980 on April 15.
Since @MicroStrategy adopted a #Bitcoin Strategy: pic.twitter.com/rrYTbvOkUS
— Michael Saylor?? (@saylor) May 1, 2023
The software analytics firm began investing its cash reserves into BTC on March 5, 2021, when it bought 91,064 BTC — 65% of its total holdings today.
Saylor recently revealed that MicroStrategy integrated Bitcoin Lightning into his corporate email address.
The Bitcoin-savvy firm is also in the process of developing a Bitcoin layer-2 Lightning Network-based Software as a Service tool for corporations.
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