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MicroStrategy’s $250M BTC buy puts shareholders in danger

MicroStrategy’s $250M BTC buy puts shareholders in danger – CoinGeek

Cloud-based services company MicroStrategy has announced that it’s buying $250 million worth of BTC-about 21,454 BTC at the time of purchase. In a statement, MicroStrategy CEO Michael Saylor said the company “has recognized BTC as a legitimate investment that can be superior to cash and accordingly has made BTC the principal holding in its treasury reserve strategy.”