MicroStrategy Outperforms Nasdaq Composite After $175 Million Bitcoin Purchase

2020-9-17 15:14

MicroStrategy (NASDAQ: MSTR) stocks rose over nine percent as their CEO revealed the company had purchased another $175 million in Bitcoin. The investment makes up part of the firm’s strategy to diversify the company’s cash holdings. 

MicroStrategy Turns to Bitcoin to Protect Value

MicroStrategy has made a large purchase of Bitcoin for the second time in two months.

Its first purchase was in August when it diverted around $250 million worth of cash holdings to assets like stocks, silver, gold, and Bitcoin. 

Now, with another $175 million Bitcoin purchase, the Delaware-based software company has demonstrated even more trust in Bitcoin as a store of value. The company’s Bitcoin holdings now stand at 38,250.

Public filings with the SEC indicate the company may exceed holdings in Bitcoin above $250 million.

On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.

— Michael Saylor (@michael_saylor) September 15, 2020

Markets Respond Favorably

MicroStrategy’s move seemed to have pleased market participants, as the company’s stocks jumped over nine percent while the NASDAQ Composite (IXIC) sat at just over one percent gains.

Competitor IT services companies saw minor movements. Cognizant (NASDAQ: CTSH) was up around 1.2 percent, Citrix Systems (NASDAQ: CTXS) was up under one percent, and Infosys (NYSE: INFY) was up less one percent. 

MicroStrategy’s intention was capital preservation, with company CEO Michael J. Saylor saying of their first Bitcoin bet that the cryptocurrency was:

“A dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.”

Early signs are that investors agree.

Will It Catch On?

With famed investor Paul Tudor Jones’ Tudor BVI’s investment in Bitcoin futures in May, money managers and corporations swimming in cash have effectively been given the green light to make investments in Bitcoin for its capital preservation properties.

Jones’ approval provides cover to institutions to make similar moves.

While there has yet to be a large-scale migration to digital assets, the market’s response to MicroStrategy’s decision could indicate that betting on Bitcoin may be appealing to investors who would never openly bet on BTC.

origin »

Bitcoin & Company Network (BITN) на Currencies.ru

$ 3.4E-5 (-0.68%)
Объем 24H $0
Изменеия 24h: 7.68 %, 7d: 5.02 %
Cегодня L: $3.4E-5 - H: $3.4E-5
Капитализация $0 Rank 3624
Цена в час новости $ 2.08E-5 (63.46%)

bitcoin microstrategy million 175 nasdaq company makes

Источник: cryptobriefing.com

bitcoin microstrategy → Результатов: 53


World-Class Economist Calls Out Flaw In MicroStrategy’s Bitcoin Bet, Says ‘Death Spiral’ Is Coming

MicroStrategy, a publicly traded business intelligence company, is facing new heat as world-class economist Peter Schiff unleashes a blistering takedown of the firm’s all-in Bitcoin (BTC) bet. As the price of Bitcoin slides below key levels, Schiff has warned that MicroStrategy’s model cannot sustain itself, arguing that a critical flaw could push the company into […]

2025-11-18 20:00


MicroStrategy Doubles Down on Bitcoin With $1 Billion Stock Offering and 582,000 BTC Holding

Enterprise software giant MicroStrategy Inc. has evolved into a Bitcoin powerhouse, and this week it was in the news yet again. Why? Because the company, led by Executive Chairman and co-founder Michael Saylor, has not only been buying up a massive amount of Bitcoin but also seems to be developing a new way to finance [...]

2025-6-10 08:02


Кто на самом деле рулит Bitcoin?

Только что освободились от тонн аналитики и сейчас поделимся с вами любопытной новостью, которая, возможно, перевернет ваше представление о Bitcoin. Казалось бы, компания MicroStrategy (теперь просто Strategy), с их манией скупать BTC, должны были давно унести цену в космос.

2025-4-22 11:25


Фото:

Microstrategy Just Bought Another $1.5 Billion Worth Of Bitcoin, Pushing Stash To 402,100 BTC

Michael Saylor’s MicroStrategy, the largest corporate holder of Bitcoin, is now the owner of nearly 2% of all Bitcoin that will ever be created after again buying the dip. On Monday, the business intelligence firm and “Bitcoin development company” announced that it had purchased even more Bitcoin for approximately $1.

2024-12-3 00:02


дальше еще 4 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Strategy raises $21B year-to-date with new funding mix

Strategy raised $21B in 2025, shifting to preferred equity and maintaining record pace, to expand its bitcoin holdings and attract institutional investors. Strategy announced it has raised $21 billion in capital year-to-date in 2025, according to a company statement released…

Why did Bitcoin’s largest buyers suddenly stop accumulating?

For most of 2025, Bitcoin’s floor looked unshakable, supported by an unlikely alliance of corporate treasuries and exchange-traded funds. Companies issued stock and convertible debt to buy the token, while ETF inflows quietly soaked up new supply.