Now Bitcoin is The Primary Reserve Currency for Microstrategy, it holdings may rise beyond $250M

MicroStrategy has exceeded the Nasdaq since purchasing BTC. Right now, it's doubling down.


Bitcoin was selected by Microstrategy's board of directors to be the business's primary reserve asset. 



MicroStrategy’s board of directors elected to make Bitcoin (BTC) the company’s primary reserve asset. The US Securities and Exchange Commission revelation said that this may guide to the future expansion of the firm's cryptocurrency holdings beyond the original investment of 21,454 BTC, equivalent to $250 million:


“Bitcoin serving as the primary treasury reserve asset on an ongoing basis, subject to market conditions and anticipated needs of the business for Cash Assets, including future potential share repurchase activity. As a result of this new policy, the Company’s holdings of bitcoin may increase beyond the $250 million investment that the Company disclosed on August 11, 2020.”


MicroStrategy's CEO Michael J. Saylor was quoted in the press statement that accompanied the company’s original acquisition of Bitcoin: