Why Did MicroStrategy Buy So Much Bitcoin?

[Suba]

MicroStrategy is a software company based in the United States, MicroStrategy has been gradually accumulating Bitcoin since 2020, so that by the first quarter of 2024, Microstrategy has managed to collect as much as 215k Bitcoin, and changing the company's image and MicroStrategy's stock is also closely related to Bitcoin's price movements. Behind the large amount of Bitcoin ownership, there must be motivation, strategy and careful planning, so in your opinion, why did MicroStrategy buy so much Bitcoin?

 

[Xtynehappy]

I think as the name suggests, they purchased the bitcoins strategically for future selling at good profits.

 

[Fidelia]

Even as recently as last week, MicroStrategy has already purchased a large number of bitcoin again. I am sure they have profited very well I the bull run.

 

[Trush Jodie]

Just like everyone else, Micro Strategy is investing in bitcoin to make profits. And that is an additional revenue stream to the company.

 

[Stardom22]

For me l think they bought too much bitcoin because they knew that the prices for bitcoin would actually rise up after the Trump's victory for that matter.

 

[riberet19]

I think Michael Saylor has a vision that Bitcoin (BTC) will undoubtedly become digital gold, and I think he is somewhat right, which is why he is buying so much Bitcoin.