Why Microstrategy and Square, two american companies, invested $475 millions into Bitcoin? Moving the company treasury money into Bitcoin is the new trend.
Bitcoin gains more supporters every day, but Microstrategy CEO Michael Saylor’s decision to convert $425 million of cash to digital gold may be part of one of the biggest volte-faces in crypto history. MicroStrategy, a business intelligence consulting firm, made headlines when it bought up hundreds of millions of dollars worth Bitcoin in August and September. “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 assetRead More