Microstrategy Doubles Down On Bitcoin, Increases Exposure To $425m

September 16, 2020

Current Bitcoin Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
Microstrategy Doubles Down On Bitcoin, Increases Exposure To $425m

Barely a month after investing $250 million into Bitcoin, MicroStrategy, a U.S. based business intelligence company as released a new K8 form informing the SEC and the public of an additional $175 million investment into BTC.

This new crypto purchase pushes the company’s overall Bitcoin holding to $425 million or, 38,250 BTC, making the company one of the largest long- term holders of Bitcoin.

During a press briefing, CEO Michael Saylor revealed that the strategic switch to Bitcoin investment was an inflation hedge against the Dollar.

In his exact words, he called Bitcoin “a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.”

MicroStrategy’s current market value is capped at $1.38 billion. In total, their Bitcoin investments represent about 30% of their entire holdings with future plans of increasing their crypto exposure. 

“Bitcoin is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.” says MicroStrategy CEO Michael Saylor

He also cited the current global pandemic, political uncertainty, and economic slowdown as an important factor that also influenced the company’s decision in adopting this investment approach.

What Does This Mean for Bitcoin?

This huge step by MicroStrategy paves the way for BTC mainstream adoption and acceptance as the “Digital Gold” of this era.

As time goes on, we can expect to see more institutional players and large companies begin to follow in the footsteps of MicroStrategy.

Especially when it comes to hedging against the current global uncertainties and political instabilities plaguing the world of today.

We can also expect to see the global acceptance of Bitcoin as a valid means of payment for businesses and business transactions to grow in the coming years.

This would solidify Bitcoins’ position as the currency of the future and the best investment vehicle you should be using in creating and preserving wealth.

To gain more information on how to partake in this coming Bitcoin Bull run and trade this cryptocurrency, you can read my How To Trade Bitcoin Guide. You can also check my top list of Best Bitcoin Exchanges To Trade With.

Recommended Bitcoin Trading Platforms:
★★★★★
★★★★★

Rating: 94%

Claim up to $90 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 91%

Claim $112 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 89%

Get 10% Discount

125x Leverage

Fees:
Deposit Methods:
Taker:
0.10%
Maker:
0.10%
Wire:
Credit:
Crypto: