MicroStrategy's $42B Bitcoin Buy

This is a U.S. news story, published by Yahoo Finance, that relates primarily to Bitcoin news.

U.S. news

For more U.S. news, you can click here:

more U.S. news

Bitcoin news

For more Bitcoin news, you can click here:

more Bitcoin news

crypto trading & speculation news

For more crypto trading & speculation news, you can click here:

more crypto trading & speculation news

Yahoo Finance news

For more news from Yahoo Finance, you can click here:

more news from Yahoo Finance

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about

much Bitcoin

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest biggest Bitcoin news, Bitcoin buying strategy news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

more Bitcoin

The Motley Fool

•

Billionaire Michael Saylor of MicroStrategy Just Delivered Incredible News for Bitcoin

Summary

Nutrition label

68% Informative

Michael Saylor , founder and executive chairman of MicroStrategy , is arguably one of the biggest Bitcoin bulls on the planet.

He launched a spectacular $42 billion Bitcoin buying plan during the next three years .

Saylor sees it as a decade -long Bitcoin "gold rush," and he's determined to transform his company into something he's now calling a "Bitcoin Treasury Company".

According to the latest vision for a strategic Bitcoin reserve, the U.S. could buy as many as 1 million Bitcoin in the near-term future.

That would likely force other nations to follow suit to keep pace with the US . A Bitcoin price above $1 million within a few years might seem unfathomable to most people.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful