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28 September 2021

MicroStrategy Deepens Its Crypto Bet With Another $240 Million Spent On Bitcoin

MicroStrategy Deepens Its Crypto Bet With Another $240 Million Spent On Bitcoin


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Crashes seem to not phase the firm as they invest even more into the asset with every price dip.

A report from Bitcoinist shows where the firm would be profit-wise had it opted to invest in one of the most well-known traditional investments, gold, instead of investing in bitcoin.

Since bitcoin has consistently outperformed gold by at least 200% year over year for the past couple of years, MicroStrategy’s investment would have way less in the way of return.

Comparisons between the digital asset and gold from March to June 2020, the time period when the firm first invested in bitcoin, shows what the current value of the investment would be.

MicroStrategy had put about $2 billion into its bitcoin investment, which presently has appreciated over 376% in the span of a year.

On the other hand, had the firm put this $2 billion into a traditional asset like gold, it would have lost 80% of its total value.

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