Nasdaq

🔥 NASDAQ companies are buying Bitcoin!

By resiliencia | resiliencia | 12 Aug 2020


Hello!

I am excited to write about this. Yesterday the NASDAQ public traded company MicroStrategy Incorporated (MSTR) bought 250 million USD worth of Bitcoin.

They are currently HODLING 21,454 Bitcoins. What I love about this is that they made a Press Release about this decision, you can write it here.

The company itself is the largest independent publicly-traded business intelligence company. So, as a business intelligence company we should assume that they know what are doing.

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Source

Why they bought Bitcoin?

Michael J. Saylor (CEO) said exactly this:

Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders. This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.

I agreee 100% with this decision. If you hodl large amounts of cash you should diversify your portfolio. And that's what they are doing.

How much they bought?

They exactly bought 0,1% of the total supply! Well, they actually bought more than that as they are just 18 million Bitcoin in circulation.

This number is HUGE!

A lot of companies will never be able to buy that in the future! They are ahead of this game.

Here another thing that I love from this story. Find here the chart of the stock price.
Look at what did the price when they announced that bought Bitcoin.

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Do you like it?

I love it! 😍

Enjoy! 😊


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resiliencia
resiliencia

Self-improvement Addict 🐌


resiliencia
resiliencia

This is about my life. Random thoughts and Self-Improvement goals! Enjoy! 😊

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