Bitcoin Falls, But MicroStrategy Buys; World Bank Says Recovery Will Be Uneven

  • Date: 09-Jun-2021
  • Source: Newsweek
  • Sector:Economy
  • Country:Middle East
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Bitcoin Falls, But MicroStrategy Buys; World Bank Says Recovery Will Be Uneven

CryptoCorner

Bitcoin has plunged as much as 50% from its record high, but MicroStrategy plans to increase its holdings in the cryptocurrency.

The Tysons Corner, Virginia-based analytics and business-intelligence company plans to offer $500 million in debt to acquire additional Bitcoin.