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International Business Times
International Business Times
Business
Nica Osorio

MicroStrategy Increases Bitcoin Holdings By More Than $615M Ahead Of Spot ETF Approval Deadline

Bitcoin MicroStrategy Michael Saylor ETF SEC Gold
Overview of The MicroStrategy Platform (Credit: Youtube Screenshot/ MicroStrategy Official YouTube Channel)

KEY POINTS

  • "Bitcoin represents a form of digital gold. It's harder than gold. It's smarter, it's stronger, it's faster than gold," said executive chairman Michael Saylor
  • MicroStrategy's latest acquisition came ahead of the deadline the SEC gave to spot Bitcoin ETF applicants
  • Bitcoin was trading in the green zone at $43,017.14 as of 10:25 a.m. ET on Wednesday

American software and business intelligence company MicroStrategy has spent more than $615 million to add additional Bitcoin to its holdings, retaining its status as the largest corporate holder of the world's oldest crypto asset.

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