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In August 2020, MicroStrategy invested $250 million in Bitcoin as a treasury reserve asset, citing declining returns from cash, a weakening dollar and other global macroeconomic factors. The company went on to make several additional large purchases of Bitcoin; as of January 2022, the company has spent around $3.75 billion purchasing Bitcoin at an average purchase price of about $30,159 per Bitcoin. Saylor is the main driver behind this strategy.
#bitcoin #microstrategy #ethereum
