It's not new the interest of biggest tech firms for the most popular and valuable asset of the decentralized word, the Bitcoin, but few of them actually challenge the old traditional financial habits and embraced it, making their primarily reserve Fund or using it to earn interest in Hedge investment Funds.
Today that mindset have been overcame by MicroStrategy, the Biggest business Intelligence Firm, a Nasdaq: MSTR registered company, who bought 21,454 Bitcoins for astonishing $250,000.000 making the asset their primary treasury reserve, with this move the Nasdaq firm make their formally entrance into the Bitcoin world.
The deal was announced in a press release made this Tuesday August 11, that confirmed the acquisition by the firm of that amount of assets worth $250M.
In the press release also the company managers, using the voice of their CEO expressed their belief in Bitcoin as the most widely-adopted crypto in the world also as store of money and definitely an investment in long term run, with a lot to offer in appreciation than fiat.
This move by MicroStrategy firm a $1.2 billion company just prove what is already praised worldwide, Bitcoin have a lot of potential in long term and with a lot tø offer on the financial market, institutions who already are putting money into Bitcoin like Grayscale knows that!
The MicroStrategy's stock price jumped 5.7% in the market also the Bitcoin asset gained 10% on the CoinMarketCap.
About MicroStrategy Incorporated
MicroStrategy is registered (Nasdaq: MSTR) Firm, the biggest Independent publicly traded company, a leading enterprise analytic platform with a vision to enable intelligence everywhere. The company is one of the world's favourite brands in Fortune Global 500.
This is a huge conquer for the decentralized world and one big company adopting Bitcoin will lead more to follow up, it's imminent the growth of the asset on market and many more positive things may start to pop-up, and we are here to testimony it.
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Wow that sure is big. A great move for them.