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International Business Times
International Business Times
Business

Accumulating Bitcoin A Risky Digital Rush By Companies?

The US firm Strategy, co-founded by Michael Saylor (pictured), holds more than three percent of all bitcoin tokens, or over 600,000 (Credit: AFP)

US President Donald Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon Musk, are among an increasing number of companies buying huge amounts of bitcoin.

The aim? To diversify reserves, counter inflation and attract investors, analysts say.

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