Bitcoin Becomes Corporate Gold as MicroStrategy and MARA Double Down

Corporate adoption of Bitcoin as a reserve asset continues to accelerate, driven by MicroStrategy’s BTC accumulation strategy. On Dec. 2, MicroStrategy announced it had acquired an additional 15,400 Bitcoin for $1.5 billion at an average price of $95,976 per BTC. The purchase, made between Nov. 25 and Dec. 1, was funded through the sale of Class A common stock. The price of BTC last changed hands for $95,100, according to The Defiant’s crypto price feeds . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant