MicroStrategy Reveals Over $1 Billion In Bitcoin Purchases In 2020

MicroStrategy is one of the key players for Bitcoin mass adoption. The company has been buying Bitcoin like crazy, and the purchasing spree seems to go on.

The firm is the largest independent publicly-traded business intelligence company, and they dropped a massive announcement.

In the official blog post, there’s an important quote:  “The Company continues to believe bitcoin will provide the opportunity for better returns and preserve the value of our capital over time compared to holding cash. We also remain dedicated to our customers and our goal of operating a growing profitable business intelligence company,” said Phong Le, President & CFO, MicroStrategy Incorporated.

Michael Saylor addresses the importance of Bitcoin

Saylor posted the following tweet.

He also said the following:

Saylor said:

Saylor also had a short conversation with Elon Musk these days, and Muck asked about the possibility of large transactions.

Twitter went crazy with excitement, and tons of memes popped up.

Stay tuned for more exciting news about the adoption of Bitcoin.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.