$107,690.00
-0.10%$2,448.69
1.10%$2.14
-3.03%$645.45
-0.21%$143.33
-1.73%$0.999884
-0.01%$0.272182
0.01%$0.160431
-2.70%$2,447.45
1.11%$0.558025
-3.28%$107,659.00
-0.03%$37.88
-0.79%$2,949.12
0.91%$493.95
2.57%$2.65
-5.32%$13.14
-0.26%$9.00
0.06%$0.23662
-2.92%$17.32
-2.77%$0.999804
-0.01%$2.82
-2.01%$47.63
-1.06%$0.0000113
-2.89%$2,447.74
1.08%$84.85
0.09%$2,619.84
1.12%$1.00
0.17%$0.145689
-4.81%$314.28
-1.50%$0.999995
-0.08%$4.46
1.85%$3.32
-2.79%$107,616.00
-0.12%$0.558375
-14.31%$6.87
-2.12%$0.00000928
-6.03%$254.26
-2.09%$1.18
-0.07%$4.69
-0.56%$50.12
-1.81%$1.00
0.00%$320.74
-5.27%$173.52
-1.85%$2.07
-4.17%$4.75
-2.78%$0.08129
-1.53%$16.22
-0.95%$1.057
-0.01%$0.743606
-3.85%$27.82
0.07%$1.00
0.17%$0.610706
0.29%$0.076228
-1.88%$16.18
-0.76%$4.42
-0.31%$3.94
-2.31%$0.02078537
-2.85%$8.90
-2.46%$107,643.00
0.03%$0.659805
-2.36%$0.078283
-2.27%$0.173399
-4.56%$3.01
-6.14%$0.251185
-5.28%$2.23
-1.70%$0.173413
-3.90%$0.301776
-4.10%$4.38
-0.56%$1.001
0.18%$2,446.57
1.28%$0.265175
-9.83%$0.999866
-0.02%$0.868756
-4.85%$98.32
-1.37%$11.07
0.23%$151.91
-1.94%$1.001
0.06%$1.19
-1.77%$0.399264
-6.82%$1.26
-4.53%$2,788.34
1.11%$0.01700979
-3.48%$2,563.78
1.06%$0.1822
-9.57%$10.84
-3.83%$1.50
-9.24%$1.00
-0.02%$0.00001318
-6.34%$0.658127
-2.89%$1.00
0.25%$0.980415
-6.25%$0.306633
-3.72%$0.999816
-0.01%$0.057992
-1.53%$1.42
-7.53%$0.530124
-4.05%$2,604.06
0.35%$107,291.00
-0.23%$2,570.01
1.09%$1.11
0.01%$3,334.31
-0.09%$107,564.00
0.11%$645.46
-0.02%$2.95
-2.64%$2,576.33
1.12%$106,277.00
-1.77%$3,319.34
-0.08%$0.07989
-3.94%$0.494816
-2.99%$0.407753
-2.39%$0.763096
-8.76%$160.17
-1.86%$111.56
0.01%$186.74
-1.82%$2.16
-1.66%$2,642.30
0.92%$0.501155
-10.76%$0.806246
-2.88%$1.97
-5.23%$0.00006936
-5.09%$0.998523
-0.02%$0.666102
-3.00%$0.00997565
-2.97%$0.599341
-5.22%$39.63
-5.83%$0.01299713
-4.99%$1.079
-1.42%$0.694304
-1.19%$30.98
-2.21%$18.49
-1.31%$0.01357082
-2.10%$107,253.00
-0.21%$0.243558
-3.97%$0.997741
-0.02%$0.15392
-3.94%$0.00930169
-6.19%$0.221273
-0.59%$0.00000059
-2.62%$37.82
-0.94%$107,591.00
0.04%$0.524487
-1.80%$3.34
-3.85%$2,444.64
0.95%$2,447.60
1.01%$0.391494
-7.69%$0.01551475
-2.26%$0.522418
-4.04%$0.091298
-3.68%$1.96
-4.05%$0.322943
-1.64%$2,615.96
0.88%$2,550.65
-0.39%$107,561.00
-0.15%$8.88
5.76%$1.00
-0.13%$2,448.24
1.10%$0.999821
-0.04%$0.251441
-3.92%$0.183996
3.31%$0.591365
-4.29%$1.32
-3.96%$0.404457
-1.77%$37.80
-1.03%$0.999876
-0.01%$0.060755
-0.89%$1.39
-1.26%$0.999988
0.03%$0.00000043
-0.19%$45.38
-2.67%$1.00
0.00%$0.160585
-2.44%$1.091
0.00%$1.004
-0.01%$2.20
-0.93%$0.00398472
3.18%$0.395346
-1.09%$1.004
0.13%$0.03911312
-5.35%$5.42
-2.71%$2,445.50
1.20%$2,603.10
1.07%$0.00001886
-2.64%$13.13
-2.88%$0.31459
-2.78%$0.00642114
-3.96%$0.00000094
-0.22%$0.108092
-4.95%$0.070822
-0.85%$1.25
3.17%$0.358278
0.06%$2.18
-3.45%$0.00386917
-3.81%$0.476766
-2.19%$0.493442
-2.65%$0.919202
-3.81%$2,697.88
1.09%$1.092
-4.51%$0.161201
-0.97%$0.03462914
-3.21%$1.38
-7.36%$107,688.00
3.32%$107,383.00
-0.12%$0.999981
-0.01%$0.03323271
-1.91%$20.00
0.57%$2,677.96
1.16%$0.322028
-5.06%$0.127617
-6.06%$0.01644044
-0.98%$2,445.31
1.01%$0.998285
-0.06%$0.00363344
-7.16%$0.999322
0.10%$156.15
-2.03%$0.04351989
-3.76%$4.68
-5.39%$0.00005543
-1.41%$1.00
-0.01%$0.065022
6.36%$10.07
-0.14%$2,445.48
1.07%$1.067
-1.64%$108.81
-0.74%$107,579.00
0.07%$0.436444
-0.75%$0.677198
-1.40%$0.00332571
-2.27%$0.02808976
-4.79%$0.689244
-8.84%$0.00530013
1.77%$1.001
0.04%$105,587.00
-0.12%$17.35
-2.65%$2,161.07
-0.23%$0.00000132
5.48%$1.65
-0.60%$1.21
0.76%$0.587724
-2.55%$0.591582
-1.81%$1.018
0.04%$0.173783
-4.39%$0.256219
-11.59%$104,871.00
0.32%$0.176792
-2.62%$0.071638
-7.98%$14.27
-2.54%$19.39
-3.31%$0.00341576
-4.11%Reading
Billion-dollar business intelligence software firm MicroStrategy made waves last month when it announced to shareholders that it might invest up to $250 million in Bitcoin over the following 12 months… and then just days later, went ahead and did it.
MicroStrategy’s purchase of 21,454 BTC ($229 million as of this writing) was a signal to other public companies that BitcoinBitcoin could be used as a serious reserve asset. And now, the company suggests that it may increase its Bitcoin holdings in the future.
In a filing with the US Securities and Exchange Commission on Friday, the company noted that its board of directors has updated the company’s treasury reserve policy. The new policy notes that aside from cash, cash equivalents, and short-term investments, Bitcoin will now serve as the company’s primary reserve asset.
“As a result of this new policy, the company’s holdings of Bitcoin may increase beyond the $250 million investment that the company disclosed on August 11, 2020,” reads the statement.
MicroStrategy might not be making any promises here, but after dropping a quarter of a million dollars into Bitcoin just a month ago, it’s clear that the firm isn’t second-guessing that decision—even with the recent downward movement for the price of Bitcoin and other top cryptocrypto assets.
Initially, MicroStrategy leadership said that it was considering Bitcoin and other crypto assets due to what they saw as a weakening US dollar, given low Western interest rates and the impact of the United States’ stimulus response to the COVID-19 pandemic. Days later, the purchase was announced.
Correction: An initial version of this article said the investment was $250,000. We regret the error. Business analytics firm MicroStrategy has made a $250 million investment in Bitcoin, while endorsing the cryptocurrency as a superior asset class. The firm puchased 21,454 Bitcoin as part of a capital allocation strategy. "This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with mor...
"This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash," said MicroStrategy CEO Michael Saylor in August. "MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.”
Interestingly, Saylor’s announcement is an about-face. Back in 2013, he predicted the death of Bitcoin, tweeting, “Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.”
#Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.
— Michael Saylor (@michael_saylor) December 19, 2013
Bitcoin’s price was about 10 times higher when MicroStrategy made its purchase last month compared to when Saylor tweeted that view in 2013.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Solana launchpad Pump.fun has matured into a next-generation livestreaming service, looking to rival titans of the industry like Twitch, Kick, and YouTube. Now, the platform is sponsoring streamers, paying viewers to post viral clips on social media—and the meme coin makers are getting creative. Pump.fun users can launch their own Solana meme coin, open up a livestream, and hope their actions pump the value of the crypto token. Recent streams have been big and bold, while remaining safe—followin...
Bitcoin derivatives traders were still on edge, even as BTC’s price rebounded above $105,000 for the first time since Friday. Bitcoin was recently changing hands at about $105,500, a 2.3% gain over the past 24 hours, according to crypto data provider CoinGecko. Markets have been rallying on the news of an Iran-Israel ceasefire—even if President Donald Trump profanely expressed his frustration that both countries had reportedly already violated the truce. The S&P 500 gained 1.15% on the day, rou...
Bitcoin is heralded as the world’s hardest money, but the network lacks one of the most foundational financial tools: a native, dollar-denominated stablecoin. While other native Bitcoin stablecoins already exist, they are backed by Bitcoin, not dollars. That’s changing today with the announcement of USDB, a new stablecoin that aims to bring a regulated, U.S. dollar-backed asset directly to Bitcoin's base layer. Created by decentralized exchange Flashnet, USDB will be issued on Bitcoin layer-2 ne...
