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MicroStrategy, the software company run by prominent bitcoin evangelist Michael Saylor, is once again demonstrating bitcoin‘s potential as a store of value.
With a strategic approach to accumulating bitcoin throughout the most recent bear market, the company is now nearly $1 billion in profit.
MicroStrategy’s journey into bitcoin began in August 2020 when it first announced its entry into the world of digital assets. According to data fromBitcoinTreasures.
This surge in MicroStrategy’s bitcoin holdings has only reinforced Saylor’s unwavering confidence in the digital currency.
Saylor, an ardent supporter of bitcoin, has openly expressed his belief that the cryptocurrency is not just an asset but a revolutionary monetary network. He claims that bitcoin‘s inherent qualities, including scarcity and decentralization, make it a superior long-term investment and hedge against inflation.
Saylor’s conviction extends beyond his role at MicroStrategy, as he has been a prominent figure in the broader financial landscape, advocating for the adoption of bitcoin by other institutional investors. He has encouraged companies to allocate a portion of their treasuries to bitcoin, as a safeguard against the devaluation of fiat currencies and the erosion of purchasing power.
MicroStrategy’s rise in bitcoin investment is a testament to Saylor’s vision and perseverance. Despite the fluctuations in bitcoin‘s price, Saylor remains steadfast in his belief that it represents a paradigm shift in the world of finance.
He often characterizes bitcoin as “digital gold” and sees it as an essential component of any forward-thinking investment strategy.
Still, questions remain going forward for the MicroStrategy empire. With a bitcoin spot ETF on the horizon, institutional investors may have new options to acquire bitcoin, putting a damper on what has long been a driving factor in the company’s share price.
Regardless, your company will likely be well positioned for the return of an era of sound money with a bitcoin stash that will be unrivaled among public companies.
