Here’s why other companies aren’t buying Bitcoin like MicroStrategy
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ambcrypto.comIt’s hard to ignore MicroStrategy on the best of days, but in recent months, the company has been making crypto news headlines thanks to its high-profile Bitcoin purchases. Considering the all-time highs Bitcoin saw this summer and then the recent dive in prices, one might wonder why non-crypto companies haven’t followed MicroStrategy’s lead.
There could be several reasons for this, as a report by Arcane Research uncovered.
Calling MicroStrategy’s Bitcoin tactics “aggressive,” the report noted that at the last count, the company had 122,480 BTC. What’s more, each one cost the company an average of $29,860.
So, why aren’t other businesses feeling inspired? The report observed,
“However, since Q1, 2021, no new companies from outside the crypto
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