MicroStrategy (NASDAQ:MSTR) Will Hold Bitcoin

MicroStrategy (NASDAQ:MSTR) Will Hold Bitcoin

By Permabull | Permabull | 6 Aug 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 I just read their entire Earnings Call Transcript. Among all, they decided to invest in crypto. The sum we're talking about is part of $250,000,000!

 

"Overall, we've returned more than $245 million to shareholders through the repurchase of 1.8 million shares since the fourth quarter of 2018. Our capital allocation strategy going forward is to return a portion of this excess capital to our shareholders and invest a portion in assets with higher return profiles in cash. Accordingly, today, we are announcing a capital allocation strategy under which we plan to return up to $250 million to our shareholders over the next 12 months. In addition, we will seek to invest up to another $250 million over the next 12 months in one or more alternative investments or assets which may include stocks, bonds, commodities such as gold, digital assets such as Bitcoin, or other asset types."

 

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

 

Thank you guys for reading, liking, following, and tipping. Extremely appreciated! 👍


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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