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28 September 2020

Nasdaq-Listed Microstrategy Raises Bitcoin Holdings to $425 Million After Second Purchase | News Bitcoin News

Nasdaq-Listed Microstrategy Raises Bitcoin Holdings to $425 Million After Second Purchase | News Bitcoin News


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This follows an update the company provided the SEC about its bitcoin investment plan.

11, the Nasdaq-listed company revealed that its board of directors has adopted a new Treasury Reserve Policy “that updated the company’s treasury management and capital allocation strategies.”.

Under this new policy, the company’s treasury reserve will consist of two types of assets.

The second type consists of “bitcoin held by the company, with bitcoin serving as the primary treasury reserve asset on an ongoing basis, subject to market conditions and anticipated needs of the business for cash assets, including future potential share repurchase activity.” Microstrategy clarified: “As a result of this new policy, the company’s holdings of bitcoin may increase beyond the $250 million investment.”.

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