A few months ago, the crypto world was surprised by the news that a traditional company, MicroStrategy, decided to invest part of its reserve money in Bitcoin. And just a few weeks later, the company’s decision has paid off. Thus, MicroStrategy has earned $ 100 million since it acquired Bitcoin, as commented by the BTC Times account in the Tweet of today:
MicroStrategy won with Bitcoin
By all standards, MicroStrategy is a traditional company. It is dedicated to the development of its own OLAP financial intelligence software, for the creation of reports for companies. Therefore, when the company announced in early August the purchase of more than 20,000 Bitcoin, the crypto world went berserk.
And it is that, although it is not the first company to acquire the cryptocurrency, since Jack Dorsey’s company, Square, already had certain reserves of the cryptoactive. MicroStrategy was the first company totally external to the crypto world to bet on virtual currency. Also redoubling its investment in September to reach the figure of 425 million dollars in BTC.
An investment that, without a doubt, has brought great benefits to MicroStrategy. Since, in the weeks that go from its first purchase of Bitcoin until today, the company has obtained a profit of 100 million dollars, solely thanks to the increase in the price of BTC in recent days. As BTC Times commented on their Twitter account:
«Less than three months after MicroStrategy spent $ 425 million on Bitcoin, the firm’s investment has brought it more than $ 100 million in profit.».
These revenues, in addition to being spectacular, would represent a figure higher than the profits received by the company in the last three years. When he only made a profit of 78 million dollars from his current operations. Demonstrating with this the benefits that any company that bets on Bitcoin can receive at this stage of its development.