Even though the price of shares of business intelligence software company MicroStrategy Inc. (Nasdaq: MSTR) has fallen over 76% from its 52-week high, gold bug Peter Schiff does not consider this stock to be a bargain. It is worth remembering that on 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250 million” to use as a “primary treasury reserve asset.” Saylor said at the time: “Our decision to invest in Bitcoin at this time was driven in part by a confluence of macro factors affecting the economic and business landscape
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Author: NixCoin