Lyman Manzanares

MicroStrategy adopts bitcoin as treasury reserve asset

Published: (Updated: ) in Bitcoin as Treasury Asset by .

“Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders. 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. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. 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.” ―Michael J. Saylor, CEO, MicroStrategy Incorporated, 11 August 2020

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *