MicroStrategy Additional Investments into BTC!

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The largest holding of BTC from a corporation, MicroStrategy, has just obtained $500 million in new funding to invest in cryptocurrency. The company is selling corporate bonds and in return receive half a billion dollars to which Mike Saylor is intended to use it to invest more in BTC.

In addition Mr. Saylor twitted he would pursuit further revenue to invest more into BTC.

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If Mr. Saylor's offering is successful then an additional $1 billion could get into BTC. A total of $1.5 billion may seem like small changes but hearing recently that the corporate bond sale had huge demand is a sign that retail investors are hungry to invest in cryptocurrency. Let alone Mr. Saylor has been adamant about only investing in BTC that $1.5 billion in total would be around 0.133% total market cap of BTC. That is just one corporation let alone what others may have planned to invest in BTC.

All in all great signs for BTC as more fiat is being invested into cryptocurrency and that the demand for it is still high.

Let us all keep hodling our cryptos for better days ahead. Thanks for reading.

Forbe's Source Article



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!PIZZA !LUV

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