MicroStrategy, a public American software company, spent $3.97 billion to purchase 129,218 Bitcoins, at an average price of $30,700 per coin. Currently, they are down $236 million dollars from their investment. However, they have not sold a single Bitcoin.

The biggest financial news nowadays is the overall macroeconomic downturn. In other words, people are curious about how the impending recession will affect their wallet. But, for me, one of the most interesting and overlooked stories is MicroStrategy. Their massive bet on Bitcoin is ballsy, but the better you understand Read more…