Bitcoin: MicroStrategy buys BTC for 250,000,000 USD

There are many narratives related to the digital asset Bitcoin: digital gold, uncorrelated asset, asset as an inflation protection and a few more. In the wake of the corona crisis and the monetary policy measures of central banks and governments around the world, these have become more important than ever before. While many BTC fans and crypto enthusiasts have been communicating the advantages of Bitcoin for years and many are investing diligently, the public’s image of BTC seems to be changing more and more. This is shown, for example, by the figures for the last two quarters of Grayscale, which signal increased interest on the part of institutional investors. But BTC does not only seem to provide added value for hedge funds and the like. Companies also seem to have discovered Bitcoin for their corporate portfolios.

Microstrategy invests $ 250,000,000 in Bitcoin
This is proven by the latest action taken by the company “MicroStrategy” with regard to Bitcoin. The company is the largest publicly traded business intelligence company, has 2,600 employees according to Wikipedia and is represented in a total of 128 cities in 89 countries. In a press release yesterday, the company stated that it acquired Bitcoin for a total of $ 250,000,000. The 21,454 BTC purchase aims to maximize long-term value for its shareholders. It is very interesting that MicroStrategy actively decided against cash by purchasing it.

“This investment reflects our belief that Bitcoin, as the most widely used cryptocurrency in the world, is a reliable store of value and an attractive investment asset with greater long-term appreciation potential than cash.”