MicroStrategy’s Bitcoin Bet: Poised to Surpass Starbucks and Nike in Market Value

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MicroStrategy’s Bitcoin Bet: Poised to Surpass Starbucks and Nike in Market Value The meteoric rise of Bitcoin (BTC) has propelled MicroStrategy into the spotlight as one of the most significant corporate players in the cryptocurrency space.

Holding an impressive 439,000 BTC, MicroStrategy has leveraged the cryptocurrency’s upward momentum to boost its market cap to $99.

While MicroStrategy’s Bitcoin strategy has delivered substantial gains, it has also attracted scrutiny due to its reliance on debt to fund cryptocurrency purchases.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Starbucks Microstrategy Crypto News BITCOIN

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 09:52:39 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 884 words

Reading Time: 5 minutes read

Sentences: 52 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24535528

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 22 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #121

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