MicroStrategy continues to expand its cryptocurrency position.
MicroStrategy continues to expand its cryptocurrency portfolio. According to an official report, it has purchased another 1,045 bitcoins for more than $50 million. As a result, the total number of bitcoins in the company’s crypto treasury has increased to 90,531 units.
MicroStrategy, its operations, and other investment strategies.
- MicroStrategy is an American technology company founded in 1989. Its core business is developing software for business, including business intelligence, mobile applications, and cloud services.
In 2020, the company became one of the world’s largest institutional investors in bitcoin, purchasing more than 70,000 bitcoins for $1.1 billion. Since then, the company has continued to invest heavily in cryptocurrency, stating its belief in its potential as a store of value.
According to the company’s 2020 report, MicroStrategy has more than 2,400 clients in 27 countries, including many well-known brands and companies. The company also actively cooperates with leading technology partners, including Amazon Web Services, Google, and Microsoft.
What motivates MicroStrategy to invest in bitcoin?
According to the company’s management, cryptocurrency is an attractive asset in the face of high inflation and global economic instability. In addition, MicroStrategy believes in the potential of bitcoin as a means of preserving value and earning money on its fluctuations.
The market reaction to the news of MicroStrategy’s acquisition of another 1,045 bitcoins was positive. This indicates that crypto investors trust the company and its strategy in relation to cryptocurrencies.
Why does MicroStrategy consider cryptocurrency an attractive asset?
The answer to this question deserves a separate article, but in general terms, it is due to the fact that bitcoin is a decentralized asset with a limited number of units, which gives it the potential to preserve value and protect against inflation.
MicroStrategy is known to be one of the largest bitcoin investor companies, and their crypto treasury has more than 91,000 bitcoins. In total, it amounts to more than $5 billion.
The acquisition of cryptocurrencies is a strategic move for MicroStrategy, allowing the company to keep its assets in a safe form and protect them from inflation. In addition, such a move may lead to an increase in the value of cryptocurrencies, which in turn will add significant value to the company and its investors.