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Bitcoin Falls, But MicroStrategy Buys; World Bank Says Recovery Will Be Uneven

Bitcoin Falls, But MicroStrategy Buys; World Bank Says Recovery Will Be Uneven On 6/9/21 at 3:01 PM EDT CryptoCorner Bitcoin has plunged as much as 50% from its record high, but MicroStrategy plans to increase its holdings in the cryptocurrency. The Tysons Corner, Virginia-based analytics and business-intelligence company plans to offer $500 million in debt to acquire additional Bitcoin. We pursue two corporate strategies, the publicly traded company said in a note to investors: (First) grow our enterprise analytics software business to promote our vision of Intelligence Everywhere, and (second) acquire and hold Bitcoin, which we view as a dependable store of value supported by a robust, public, open-source architecture untethered to sovereign monetary policy.

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