MicroStrategy's investment in Bitcoin has reached a significant milestone, with the company's holdings now valued at over $10 billion with Bitcoin rising to over $52,000. This achievement underscores MicroStrategy's steadfast commitment to Bitcoin as a long-term store of value and hedge against inflation.
Just in: MicroStrategy #Bitcoin The property is 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 continually increased its holdings, viewing Bitcoin as a key component of its treasury strategy. The company's CEO, Michael Saylor, has been a very strong advocate of Bitcoin, citing its ability to maintain purchasing power over time.
The company's continued Bitcoin accumulation highlights its confidence in Bitcoin's ability to deliver superior returns compared to traditional investment assets. Last week, the business intelligence company billed itself as “the world's first Bitcoin development company.”
New: MicroStrategy is now the same "First in the world #Bitcoin Development company" 👀 pic.twitter.com/frEC4q9zHy
— Bitcoin Magazine (@BitcoinMagazine) February 7, 2024
As Bitcoin continues to gain mainstream acceptance and recognition as a legitimate asset class, MicroStrategy's significant investment positions the company as a prominent player in the industry. With the price of Bitcoin approaching its previous all-time high of $69,000, MicroStrategy's decision to allocate a significant portion of its treasury reserves to BTC has paid off handsomely.
