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Topic: MicroStrategy company adopts Bitcoin as primary treasury reserve asset. - page 2. (Read 372 times)

hero member
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Merit: 757
I'm not sure if this is the first time we have heard a company making bitcoin as reserve assets, but I would say that this is welcoming and pushing the boundaries of bitcoin as a store of value.
Of course it isn't the first time, but i think this one is the biggest with company running out of the crypto market. We should also consider that MicroStrategy is one of the biggest companies in the world today having millions of shares traded actions in NASDAQ stock market.

But global adoption? I would say no. Besides adoption has slowly been taking place already, even in this current pandemic situation.
What i meant by Global adoption is that more companies follow the same strategy, especially with the accumulated issues with us dollar and other currencies used for reserves. This should also include countries living in continuous liquidity crisis.
hero member
Activity: 2632
Merit: 833
Do you think this would help spread the world adoption of bitcoin? What impacts are expected more than just infecting the btc price in the market? Has it a direct impact on US dollar and other major currencies? Share your thouths please.

I think adoption should come from retail investors or average joe using bitcoin as a form of money. Not large institution like Grayscale buying bitcoin or MicroStrategy using it as hedge or reserve assets. I'm not sure if this is the first time we have heard a company making bitcoin as reserve assets, but I would say that this is welcoming and pushing the boundaries of bitcoin as a store of value.

But global adoption? I would say no. Besides adoption has slowly been taking place already, even in this current pandemic situation.
full member
Activity: 173
Merit: 120
As a hedge against US dollar inflation, the worldwide leader in enterprise analytics and mobility software MicroStrategy company decided to sweep $250 million from its cash reserves into Bitcoin. The company announced today that it has purchased a total of 21,454 bitcoins.

MicroStrategy CEO confirmed that his company has made bitcoin the principal holding in its treasury reserve strategy.
Wow, that is a significant 'bet' by a large corporation that bitcoin will hold its value (or grow ideally). Imagine if other companies followed this same strategy.  Cool
hero member
Activity: 2338
Merit: 757
As a hedge against US dollar inflation, the worldwide leader in enterprise analytics and mobility software MicroStrategy company decided to sweep $250 million from its cash reserves into Bitcoin. The company announced today that it has purchased a total of 21,454 bitcoins.

MicroStrategy CEO confirmed that his company has made bitcoin the principal holding in its treasury reserve strategy.

The news was released today in top magazines:
https://www.businesswire.com/news/home/20200811005331/en/MicroStrategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset
https://fortune.com/2020/08/11/buying-bitcoin-microstrategy-cryptocurrenc/
https://www.coindesk.com/microstrategy-bitcoin-buy-protects-against-fiat-inflation
https://seekingalpha.com/news/3604016-microstrategy-moves-cash-bitcoin-shares-up-9

Do you think this would help spread the world adoption of bitcoin? What impacts are expected more than just infecting the btc price in the market? Has it a direct impact on US dollar and other major currencies? Share your thouths please.
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