US public company MicroStrategy may be moving $250M into Bitcoin & gold to protect against inflation

posted 6 months ago
MicroStrategy, a publicly-traded company on the NASDAQ worth over $1.2 billion at press time, told shareholders last week that it plans to invest $250 million in “alternative investments or assets,” which could see it move into Bitcoin, gold, and other asset classes.

Phong Le, the company president, and the chief financial officer said "In addition, we will seek to invest up to another $250 million over the next 12 months in one or more alternative investments or assets which may include stocks, bonds, commodities such as gold, digital assets such as Bitcoin, or other asset types."
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