MicroStrategy Buys US$250M Worth of Bitcoin

[1] MicroStrategy buys US$250M worth of BTC What: The $1.2B business software firm used its entire ‘alternative assets’ fund to buy BTC. It’s the first publicly traded firm to buy BTC as part of a capital allocation strategy. (See [2] of the Aug. 6 Daily Snapshot for more.) Importance: This is arguably the biggest industry […]