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Michael Saylor's MicroStrategy adds $347 million bitcoin to coffers

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Michael Saylor touts a new massive bitcoin haul as MicroStrategy now 'hodls' $4.6 billion worth of tokens

In this year alone, bitcoin's share of the crypto industry's overall market capitalization has gone from 40% to 48%, he told. But with regulators targeting other tokens, bitcoin's dominance will to grow to 80%, he added.

"Now I think that the public is beginning to realize that bitcoin is the next bitcoin," Saylor said."The next logical step is for bitcoin to 10x from here and then 10x again." In 2023, the world's largest cryptocurrency has rallied about 82%. Thanks to its strong performance, MicroStrategy in the first three months of the year notched its"The conviction in our bitcoin strategy remains strong as the digital asset environment continues to mature," CFO Andrew Kang said in a statement in May, after the company had snapped up 7,500 tokens that quarter.

Saylor, an active market commentator via Twitter, has made other predictions recently, including how the next president will be

 

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