MicroStrategy Incorporated has purchased 21,454 BTC, worth over $250 million dollars. MicroStrategy Incorporated announced they were planning the move, as part of their capital allocation strategy, in their Q2 2020 financial results.
MicroStrategy Incorporated is a Nasdaq listed company that provides business intelligence, mobile software and cloud based services. MicroStrategy (NASDAQ:MSTR) was founded by Michael Saylor and Sanju Bansai in 1989.
read.cash
This came to my attention through a short post by Crytoentrepreneur entitled:
This piece of news provides the perfect follow-on to my 2 previous posts:
Grayscale Launch Ad Campaign To Bring Crypto To The Masses
and
Grayscale Investments Had Their Best Week EVER Following Crypto Ad Screening
MicroStrategy Press Release
On August 11 MicroStrategy Incorporated issued a press release entitled:
MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset
Michael Saylor, CEO of MicroStrategy Incorporated said
The Big Boys Are Making Their Move
Galaxy Digital place full page ad in the Financial Times
Grayscale screens "History of Money" on National TV
MicroStrategy Incorporated invest nearly 25% of their worth in Bitcoin
Marathon buys 10,500 Next-Gen Bitcoin Miners
digital asset management firm CoinShares recommends investors allocate 4% of their portfolios to bitcoin
What Does Bitcoin Think of All This Attention?
Compliments of Coingecko.
This is the 30 day chart showing a gradual crawl from $13,048.49 AUD to the 2020 ATH of $17,144.53 AUD today.
Is The Stacking Sats Era Coming To An End?
I think it was about December 2018, when things hit the bottom. This is one of my favourite Warren Buffet quotes:
It has been a hectic but funn 18 months, stacking those sats. Unfortunately the time for stacking Sats is quickly coming to a close my friends.
Bitcoin faucets will become obsolete as the market value of Bitcoin rises, they will reach a point where they can't give out less than 1 sat
Brave Browser will lose some it's appeal as Brave Rewards get less and less as BAT 🚀🚀🚀🚀🚀🚀
sadly it will be time to move on from Publish0x, as the tips keep diminishing as their fait value increases
How long have we common folk got left before it becomes a rich mans game?
The End
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