Summary
Both Apple and MicroStrategy have adopted a strategy of investing in bitcoin, with MicroStrategy holding the largest corporate amount of over 214,000 bitcoins valued at $15 billion. This move has resulted in their stock prices being influenced by the fluctuations in bitcoin’s price.
Key Points
1. MicroStrategy, a software developer based in Tysons Corner, Virginia, began building up its holdings of bitcoin in 2020, following a strategy similar to Tesla’s recent announcement.
2. MicroStrategy’s stock price has frequently mirrored the fluctuations in bitcoin’s price since increasing its holdings, indicating the impact of investor sentiment on the cryptocurrency market.
3. As of now, MicroStrategy is recognized as the largest corporate owner of bitcoin, holding over 214,000 bitcoins valued at more than $15 billion, according to bitcointreasuries.net.