A year ago today, software company MicroStrategy (MSTR) unveiled its new Treasury strategy, adopting bitcoin. Led by Michael Sailor, the US became the first government entity to integrate BTC as reserve assets. This decision changed the crypto industry and provided the fuel needed for the new rally.
After MicroStrategy announced its Treasury strategy, bitcoin strengthened as a store of value. Sunday March 2020, the global market and the cryptocurrency market suffered a collapse due to blocking measures implemented by governments in an attempt to stop the spread of Covid-19.
This has led to a slowdown in the global economy and the introduction of inflationary monetary policy by the main central banks of the United States, Europe and China. As MicroStrategy noted in its press release about bitcoin as part of its treasures, cryptogeld offers public companies the opportunity to act and protect.
The initial purchase announced by MicroStrategy consisted of 21,000 BTC over $ 250 million, with bitcoin under $ 10,000. Network analyst Willie Wu said the company amassed an average of 3.7 BTC of cryptocurrency each week, making a total of 14 purchases.
October additional data provided by BTC Treasuries show that MicroStrategy has over 100,00 BTC, or 0.5% of the total supply of cryptocurrencies. This makes it a public company with the most bitcoins in its Treasury.
Refresh:
Total about 1,651, 245 (7.88%)
Cost $ 75,191,603,125 $ mstr 1.7 1.7 X $ TSLA 1.3 1.3 x $ SQ. 1.7 1.7 x $ Mara 1.5 1.5 x
Hut-8 4.1 4.1 x $ bitf 4.5 4.5 x $ RIOT 7.2 7.2 x
VYGRIN 7.1x@Seetee_io 0.9 x
references https://t.co/7lHaYqHtbz author: @ nvk pic.twitter.com/oPiFNWKVu1
– Bitcoin hisseleri.Net (@BTCtreasuries), August 9, 2021
Many experts believe the software company began with the release of a collection of games used for integration with BTC. Shortly after launching the new Treasury strategy, the CEO of MicroStrategy held a conference to teach other listed companies to buy bitcoins
