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MicroStrategy Purchased 21454 Bitcoins As Reserve Asset, Pursuing Its Two-Pronged Capital Allocation Strategy
Summary: As the largest independent publicly-traded business intelligence company, MicroStrategy announced today that it has purchased 21,454 bitcoins (worth $250 million) as a primary treasury reserve asset. MicroStrategy views bitcoin as a hedge against inflation, as well as an investment that could yield more profitable returns. The publicly listed software company promised to its shareholders in ...
As the largest independent publicly-traded business intelligence company, MicroStrategy announced today that it has purchased 21,454 bitcoins (worth $250 million) as a primary treasury reserve asset.
MicroStrategy views bitcoin as a hedge against inflation, as well as an investment that could yield more profitable returns.
The publicly listed software company promised to its shareholders in late July that MicroStrategy would purchase back $250 million in stock and invest another $250 million in gold and bitcoin. For now, bitcoin has become the principal holding in MicroStrategy’s treasury reserve strategy.
By Lily Yang
Tags: Bitcoin
Link: MicroStrategy Purchased 21454 Bitcoins As Reserve Asset, Pursuing Its Two-Pronged Capital Allocation Strategy [Copy]
