Why MicroStrategy won’t stop with its latest $15M Bitcoin purchase

MicroStrategy has recently been converting significant amounts of its cash reserves to Bitcoin. In what is yet another in its Bitcoin investment streak, the publicly-traded company is in the news today after it purchased more of the crypto-asset. According to CEO Michael Saylor, the business intelligence firm has now bought an additional 262 Bitcoins for approximately $15 million at an average price of about $57,146 per Bitcoin.

Why bitcoin could become a standard recommendation for an average investor’s portfolio

This past week as Bitcoin hovered around $46.5k and $52.5k range, Twitter sentiments have been at their most bearish level during this bull run. Bitcoin’s volatile price has given many people a reason or two to question about investing in the crypto asset. CEO of ARK Investment Management, Cathie Wood, thinks otherwise. According to her, over time, the price of the digital currency will stabilize, which would allow the crypto to become more widely accepted.

Miami Mayor Working To Turn Miami Into U.S. First Premier Crypto-Hub

Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports which claimed that Miami was considering putting 1% of its treasury reserves into Bitcoin.

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