Stock Growth
MicroStrategy (MSTR) shares recorded a 13% increase on Monday’s trading session, thanks to the announcement of purchasing a volume of Bitcoin worth up to $4.6 billion, pushing the shares to a record high.
Investment Strategy
Michael Saylor, co-founder and executive chairman of the company, said that the Bitcoin investment strategy is going well, helping the company achieve unrealized profits of approximately $13.7 billion.
Asset Expansion
To further expand crypto assets, MicroStrategy plans to issue an additional $1.75 billion convertible bonds. Besides MicroStrategy, some other companies are also looking at Bitcoin as a reserve asset.
New Financial Trend
In the context of increasing inflationary pressures and geopolitical tensions, this shows a clear trend in enhancing financial positions of businesses by reserving Bitcoin.
Leave a Reply