10 Different Analytical Models
The largest analytical company bought over 20 thousand bitcoins
MicroStrategy regards Bitcoin as a long-term store of value
The company decided to buy cryptocurrency as part of the capital reorganization
Even in the cryptocurrency community, there is still no consensus on the status of bitcoin.
Over $ 250M in Bitcoin Purchase Linked to New Capital Distribution Strategy Within MicroStrategy
The largest public analytical company MicroStrategy Incorporated announced the purchase of 21,454 bitcoins with a total value of $ 250 million.
The company announced this in its press release..
The company said that the acquisition of cryptocurrency is part of a new capital redistribution strategy.
Long term investment
MicroStrategy co-founder and head Michael J. Sailor noted that the purchase of so many bitcoins is related to the company’s plans “to maximize long-term profitability for shareholders.”.
“This investment reflects our belief that bitcoin, as the world’s most widely used cryptocurrency, is a reliable store of value and an attractive investment asset with longer-term growth potential than holding cash,” added Sailor.
Thus, MicroStrategy became the first public company to invest in bitcoin as a value-saving asset..
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Founded in 1989, MicroStrategy develops analytical software for the corporate and mobile sectors.
In 2019, the number of assets managed by MicroStrategy reached $ 917 million.
At the same time, Xinxi Wang, co-founder and head of the Litecoin Foundation, thinks differently..
The head of the Litecoin Foundation previously said that bitcoin was originally an excellent technology, as well as a good investment, but now the situation has changed dramatically.
“Bitcoin was a great investment and cool technology. Now I still like technology, but investing is no longer so profitable.
The risks are too high, “he said.
However, interest around bitcoin as an investment did not fall at all. The market capitalization of the leading cryptocurrency has reached a size comparable to that of well-known tech corporations.
Previously BeInCrypto editors wrote, that the market capitalization of bitcoin amid the activity of capital inflows has reached indicators comparable to such giants as Netflix and AT&T who hold leading positions in their industries.
On moment of writing BTC / USDT price is $ 11 611.