MicroStrategy (NASDAQ:MSTR) Just bought additional 16,796 Bitcoins

By Permabull | Permabull | 15 Sep 2020


If you never heard of MicroStrategy, is a company that provides business intelligence (BI), mobile software, and cloud-based services, currently valued at over $1.2 billion and according to the Earnings Call Transcript they decided to invest in crypto. The sum we're talking about was part of $250,000,000!

They bought over 21,000 Bitcoins a couple weeks ago. Being quite happy about their initial investment, the company bought additional 16,796 Bitcoins.

 

Yep, companies holding Bitcoin as a part of their cash reserve makes me think I still don't have enough coins in my bags. The coming Bitcoin shortage will cause the greatest panic in financial history. Be patient, we'll get to the moon sooner than we originally thought.

 

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Permabull
Permabull

Saw crypto as a way to make some cash, a get rich quick scheme. Learned about the tech and will stay in forever. Watching the GOV spending in 2020 made me realise how fiat is controlled way too much and becoming worthless be a minute. Bitcoin for the WIN!


Permabull
Permabull

Born to be bull.

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