MicroStrategy Will Buy More Bitcoin

Suba

Staff member
Satoshi
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A document indicates that IT company MicroStrategy plans to buy even more Bitcoin, compared to last August 2020. In August 2020, MicroStrategy confirmed that it would buy Bitcoin worth US $ 250 million over the next 12 months. The move is part of their investment portfolio, including maintaining the value of their company's assets.

The document was published on the website of the US iSecurities and Exchange Commission on Friday.

The new policy notes that in addition to cash, cash equivalents and short-term investments, Bitcoin will now serve as the company's main reserve asset.

Bitcoin's holdings in the MicroStrategy company could increase beyond the US $ 250 million investment the company disclosed on August 11, 2020, ”the document states.

Now the views of many people have changed and believe that
that Bitcoin, as more and more a crypto asset in the world, is a reliable store of value and an attractive investment asset with the potential for long-term appreciation that outweighs storing cash.
 
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