One of the most important news for the crypto world in recent months was the purchase of large amounts of Bitcoin by the company MicroStrategy. And, this was the first time that a traditional company decided to trust Bitcoin as a method to protect the value of its capital. A bet that has been beneficial for the company, since MicroStrategy earned more than 300 million dollars thanks to Bitcoin as it was clear in the Tweet of the day:
MicroStrategy won big with Bitcoin
Bitcoin is finally no longer the marginal asset that it was in the past. And is that, in recent years, the cryptocurrency created by Satoshi Nakamoto has begun to be recognized in global markets as a financial asset to take into account. Leading companies and institutional investors around the world to start paying attention to virtual currency.
This has led to traditional companies, such as MicroStrategy, a company dedicated to providing business intelligence software. Decide to acquire Bitcoin as a method to invest your capital and protect its value against the ups and downs of the international financial market.
Thus, in August of this year MicroStrategy announced an investment of 250 million dollars in Bitcoin, which soon grew to a total of 475 million dollars in BTC. A decision that in a matter of months has provided immense profits to the company. Which currently owns around $ 781 million in BTC, an increase of 69%.
«MicroStrategy began purchasing what would eventually be its aggregate total of Bitcoin, worth $ 475,000,000 at the time of acquisition. Bitcoin is now worth 69% more. The company’s holdings in Bitcoin are currently worth $ 781,114,169».
In this way, MicroStrategy would be the best example of the benefits that companies that bet early on Bitcoin can obtain. Rapidly increasing your wealth, and positioning yourself ahead of future developments in the price of BTC.