MicroStrategy Expands Bitcoin Holdings Amid Volatility

MicroStrategy executives Michael Saylor and CEO Phong Le reiterated their long-term bitcoin accumulation strategy in recent interviews, after the company bought 1,142 BTC for about $90 million, bringing its treasury to 714,644 BTC (over 3.4% of supply). Saylor said he expects bitcoin to double or triple S&P 500 performance over the next four to eight years, while Le said balance-sheet strain would require a roughly 90% sustained price collapse.