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Strategy marks 5th anniversary of buying Bitcoin with approximately 2600% stock price surge
Summary: According to reports, Strategy celebrates the fifth anniversary of its first purchase of Bitcoin, which has helped its stock price soar by nearly 2600% since 2020, breaking free from a 20-year slump. MicroStrategy Inc. (now renamed Strategy) made its initial Bitcoin purchase on August 11, 2020, investing $250 million to acquire 21,454 Bitcoins, with founder ...
According to reports, Strategy celebrates the fifth anniversary of its first purchase of Bitcoin, which has helped its stock price soar by nearly 2600% since 2020, breaking free from a 20-year slump. MicroStrategy Inc. (now renamed Strategy) made its initial Bitcoin purchase on August 11, 2020, investing $250 million to acquire 21,454 Bitcoins, with founder Michael Saylor dubbing it a 'new capital allocation strategy'.
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