How a lot of additional times can an individual get that a great deal of the total provide?
On 11 August MicroStrategy, the biggest independent publicly-traded business intelligence company, bought around 21,000 Bitcoin for its reserves – a whole .1% of the greatest provide – adopting it as a principal treasury reserve asset. Its share value rose about ten% as a result, which is almost certainly encouraging for other firms that might be pondering the identical final decision.
It really is also quite a great deal a indication of the times.
“Our financial commitment in Bitcoin is component of our new capital allocation approach, which seeks to maximise very long-term value for our shareholders,” claimed MicroStrategy CEO Michael Saylor. “This financial commitment reflects our belief that Bitcoin, as the world’s most greatly-adopted cryptocurrency, is a dependable retailer of value and an desirable financial commitment asset with additional very long-term appreciation