Blockchain is a decentralized digital ledger that records transactions instantly and simultaneously across the internet, ensuring transparency and security. It was originally developed for Bitcoin but now has applications ranging from financial services to supply chain management, and verification services. Blockchain Technology companies promise to increase transparency, reduce costs, eliminate intermediaries, and provide more secure record-keeping systems. As industries begin to adopt blockchain technology and cryptocurrencies, companies at the forefront of blockchain innovation are likely to gain and attract more investment.
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A weekly expenditure of 2.1 billion dollars! The bitcoin "whale" microstrategy increases its investment again.
On Monday, microstrategy announced that it had bought $2.1 billion worth of bitcoin. This marks the fifth consecutive Monday that the company has announced the purchase of bitcoin; Meanwhile, as microstrategy has been aggressively increasing its bitcoin holdings, the practice of financing bitcoin purchases by selling stocks and fixed-income securities has drawn increasing attention.
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