As reported by U.Today, business intelligence firm MicroStrategy announced another significant Bitcoin purchase earlier today. Its total Bitcoin holdings currently stand at roughly $41 billion, which represents 2.1% of the cryptocurrency's entire supply. The company's shares have surged by nearly 500% this year. After Tesla made its groundbreaking $1.5 billion investment in Bitcoin back in 2021, many suggested that many other major non-crypto players would follow suit.
Earlier this month, Microsoft shareholders overwhemingly rejected a proposal to assess potential Bitcoin investment, with less than one percent of them voting in favor of such an initiative. Amazon shareholders also recently proposed investing as much as 5% of the tech giant's assets into Bitcoin. However, such a proposal is unlikely to be approved in the near future.
Even though MicroStrategy CEO Michael Saylor does not expect corporations to rally behind Bitcoin in the near future, he recently said that he expected the leading cryptocurrency to be part of the discussion. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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