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Bitcoin careened to another record high on Wednesday amid concerns about this year’s huge stimulus packages. The flagship cryptocurrency continued to attract capital from investors that view it as a hedge against fiat devaluation and inflation. On Tuesday, SkyBridge Capital investment revealed that it had invested about $182 million in Bitcoin ahead of its proprietary
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The cryptocurrency space was rocked with the news last week that MicroStrategy would be purchasing an additional stash of Bitcoin. The firm will be purchasing $650 million worth of BTC. This means, according to data compiled by Messari, that the firm may soon own upwards of 0.4% of all Bitcoin circulating. MicroStrategy Confirms Impending Purchase
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