Crypto News

MicroStrategy's Bold Move into Crypto With the rise of cryptocurrencies, many companies have been looking into ways to incorporate them into their business strategies. One such company that has made a bold and successful move into the world of crypto is MicroStrategy. This business intelligence firm, led by CEO Michael Saylor, made headlines last year when they announced their decision to invest heavily in Bitcoin. The Numbers Speak for Themselves MicroStrategy's initial investment of $250 million in Bitcoin in August 2020 has proven to be a smart move. As of April 2021, they now hold over 91,000 BTC, worth approximately $5 billion at the time of purchase. With Bitcoin's recent surge in value, MicroStrategy now sits on a massive paper profit of roughly $13 billion. This has led to a surge in their stock price and a lot of attention from investors and the media. The Impact on Other Companies MicroStrategy's success in the crypto market has not...