A publicly traded company MicroStrategy Incorporated has bought $250 million Bitcoin over-the-counter. Michael J. Saylor, the CEO of MicroStrategy Incorporated, has believes that Bitcoin is gold and it only gets harder, stronger and faster by time.
The firm, which is publicly traded, has about half a billion in yearly revenue and some $1 billion in total assets.
“unprecedented government financial stimulus measures including quantitative easing adopted around the world, and global political and economic uncertainty,” Saylor said while announcing about the Bitcoin bought.
Meanwhile, the company was found in 1989. on the principle that the future belongs to organizations that effectively harness the power of their data.
Its vision has driven us from day one to deliver world-class software and services that redefine what’s possible and help transform our customers on their journey to becoming the Intelligent Enterprise
In the recent scenario, Bitcoin has been touted to reach the $12k mark. It had also reached $11,976 on Monday (morning). But the resistance between the $11,600 to $11,900 mark continues as Bitcoin has now fallen back to $11,400 mark at the time of writing this market.
The fluctuation is the current situation also brings a hint of risk for the investors. However, Bitcoin still remains the most reliable cryptocurrency among all.