World’s Largest Business Intelligence Company, MicroStrategy, Purchases 21K Bitcoin for $250M
MicroStrategy verifies that it has made Bitcoin its first treasury reserve asset as institutional uptake takes a tense bullish step ahead.
The world’s biggest publicly traded business intelligence company MicroStrategy (Nasdaq: MSTR) has formally selected Bitcoin (BTC) as its primary reserve asset.
MicroStrategy confirmed on August 11 that it had bought 21,454 BTC for $250 million.
MicroStrategy: Move “reflects our belief in Bitcoin”
CEO of MicroStrategy, Michael J. Saylor, said in the press statement:
“This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.”
The progress marks a watershed moment for institutional uptake of Bitcoin and did not go ignored by critics.
“I suggested 6 months ago, we are now starting to see businesses owning Bitcoin as a marketable security on their balance sheet,” famous commentator Preston Pysh replied on Twitter.
“MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset. Just. Getting. Started.”
More information about company and crypto license registration in Estonia: www.consulting24.co
Consulting24 OÜ is the fastest-growing consultancy company in Estonia by volume and has obtained over 300 crypto licenses. We have both tailored and ready-made companies for sale. Consulting services cover: company registration in Estonia, acquire a crypto license, open crypto-friendly banking, local/director AML recruitment, accept debit/credit card payments, draft terms & conditions.
If you are interested in services, contact us email@example.com
#microstrategy #bitcoinvalue #howtostartacompany #bitcoinprice #digitalcurrency #technology #bitcoin #crypto #cryptocurrencyconsulting #blockchain #cryptocurrencyconsultingfirm #consulting24 #estonianmafia #estonia #companyinestonia #companyformation #companysetup