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Despite the losses, MicroStrategy stock has outperformed the Nasdaq, Gold, Silver, and even some of the world's largest technology businesses since its Bitcoin adoption.
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A Bitcoin promoter purchases even more of the most popular cryptocurrency.
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Despite the bear market, MicroStrategy has added 480 BTC to its coffers, the business said on June 29.
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According to MicroStrategy CEO Michael Saylor, the company also serves as the first and only bitcoin spot exchange-traded fund in the United States.
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As the founder and CEO of MicroStrategy Inc, Michael Saylor is the most outspoken advocate of companies adding Bitcoin to their balance sheets. The financial markets aren't ready for Bitcoin-backed bonds, he says.