<img src="https://bitcoinmagazine.com/.image/c_fit%2Ch_800%2Cw_1200/MTg2NjA5MDA2MzYwNTM2OTI1/michael-saylor-max-keiser-bitcoin-2021.jpg” />
MicroStrategy's investment in bitcoin has reached a major milestone, with the company's holdings now valued at more than $10 billion as btc surpasses $52,000. This achievement underscores MicroStrategy's strong commitment to bitcoin as a long-term store of value and inflation hedge.
ONLY IN: MicroStrategy bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin holdings are now worth over $10 BILLION pic.twitter.com/JhbGYtAmAI
– bitcoin Magazine (@BitcoinMagazine) February 15, 2024
Since its initial foray into bitcoin in August 2020, MicroStrategy has steadily increased its holdings, viewing bitcoin as a key component of its treasury strategy. The company's CEO, Michael Saylor, has been a big proponent of bitcoin, citing its potential to preserve purchasing power over time.
The company's continued accumulation of bitcoin highlights its confidence in bitcoin's ability to generate superior returns compared to traditional investment assets. Last week, the business intelligence company was deemed “the world's first #bitcoin development company.”
NEW: MicroStrategy now considers itself "the first in the world bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin development company" pic.twitter.com/frEC4q9zHy
– bitcoin Magazine (@BitcoinMagazine) February 7, 2024
As bitcoin continues to gain widespread acceptance and recognition as a legitimate asset class, MicroStrategy's considerable investment positions the company as a prominent player in the industry. With the price of bitcoin approaching previous all-time highs of $69,000, MicroStrategy's decision to allocate a significant portion of its treasury reserves to btc has paid off well.
