October 20, 2020

The largest business intelligence company invested $ 250 million in BTC

The largest business intelligence company invested $ 250 million in BTC

MicroStrategy - the world's largest independent publicly traded business intelligence company - adopts Bitcoin as the main asset of the reserve.

In a press release dated August 11, MicroStrategy (Nasdaq: MSTR) confirmed the purchase of 21,454 BTC worth $ 250 million.

The company's CEO stated:

This investment reflects our belief that bitcoin is an excellent store of value and an attractive investment with a more promising long-term future than the dollar.

Barry Silbert, CEO of the investment fund Grayscale, supported the company's decision. On his twitter, he wrote:

MicroStrategy, a $ 1.2 billion company, has just switched to a publicly traded bitcoin. Smart solution.

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According to the materials cointelegraph.com