Microstrategy is buying bitcoin in a big way
The software company Microstrategy has now responded to this concern and bought Bitcoin. There were a total of 21,454 pieces, which, according to the current protocol, corresponds to more than one per thousand of the total Bitcoin that ever existed. At the current market value, that’s the equivalent of almost $ 250 million or € 212 million. Microstrategy means that companies also diversify their capital and thus protect or secure it. The company sees cryptocurrency No. 1 as a store of value and attractive investment value.
The CEO of Microstrategy, Michael J. Saylor said in a press release:
“Our investment in Bitcoin is part of our new capital allocation strategy, which aims to maximize long-term value for our shareholders. This investment reflects our belief that Bitcoin, as the most widely used cryptocurrency in the world, is a reliable store of value and an attractive investment asset with greater long-term appreciation potential than cash. Since its inception over a decade ago, Bitcoin has become a significant addition to the global financial system, with properties that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment that can outperform cash, and accordingly has made Bitcoin the most important holding company in its Treasury Reserve strategy.”