Nasdaq-Listed MicroStrategy May Soon Buy More Bitcoin After Forking Out $250m

2020-9-15 06:00

Earlier this year, MicroStrategy made the news across the world when it became the first major, U. S. stock exchange-listed company to invest in Bitcoin. The Nasdaq-listed firm, whose shares trade under MSTR, purchased $250 million worth of the leading crypto from its cash reserves.

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Why This Nasdaq-Listed Company Is Going All-In on Bitcoin

Bitcoin has become a popular investment vehicle amongst retail and institutional investors, but it is also becoming a reserve asset for some companies. Per an announcement from earlier today, a Nasdaq-listed business intelligence company is now turning to the benchmark cryptocurrency to store their capital reserves, calling it an asset that can be “superior to […]

2020-8-12 05:00


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MicroStrategy Becomes First Listed Company to Hold Bitcoin as Reserve Asset

The “Bitcoin (BTC) as a hard asset” narrative is spreading beyond retail investors to the corporate world as MicroStrategy purchases 21,454 BTC worth over $250 million. Nasdaq-listed MicroStrategy Buys $250M in BTC The Nasdaq-listed MicroStrategy announced the news of Bitcoin treasury allocation via a press release issued on Tuesday (August 11, 2020).

2020-8-11 17:42