MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset

in LeoFinancelast month

They've just bought 21,5k BTC
That's nearly a month of mining rewards..

https://www.businesswire.com/news/home/20200811005331/en/MicroStrategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset

“Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders,” said Michael J. Saylor, CEO, MicroStrategy Incorporated. “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. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.”

A big company with quite some cash just did it!

I think this will start a big rolling BTC stone crushing everyone else. Even if the big keynianism bankers don't agree.. (those who just have printed Trillions)

But if there is demand for BTC and big companies are willing to invest.. then this is unstoppable! ;)

The Adoption Domino Effect just started

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one domino at its time

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To support your work, I also upvoted your post!

I am looking forward to institutional adoption. I figure it is happening slowly as the impact on Bitcoin’s marketcap so is minuscule thus far.

I think it's more important how we react instead of how bitcoin reacts.. ;)