Always more bitcoins – On the eve of the annual meeting of shareholders of MicroStrategyMichael Saylor gave an update on the company’s strategy but also on its Treasury in bitcoin. He welcomes investments from last month and confirms – for those who doubted it – that the company will Continue his collection. MicroStrategy is now a world leader and has nearly 130,000 precious bitcoins. Who says better ?
Massive purchases of bitcoins: MicroStrategy persists and signs
Each year, large US corporations must file with the SEC – US stock market watchdog – a “definitive power of attorney statement”. Without going into details, this mandatory document brings together information on executive compensation, the company’s organization chart and also voting procedures. This is generally an opportunity for managers to take stock of the strategies of the company and to open up to a few outlook. On April 14, Michael Saylor conducted the exercise on behalf of MicroStrategy.
He bluntly explained that they were going “pursue vigorously” purchases of bitcoins as reserve assets. He was happy to have been precursor in this type of investment while recalling that cash was always in the ” green “ despite the recent drop in the crypto market.
“Our parallel Bitcoin buy-and-hold strategy has been a huge success. »
He goes on to explain that in the beginning, few people believed in this Bitcoin cash. He even had to make these purchases himself! With a 68% stake in MicroStrategy, Saylor acts almost like he wants within the company and continues to believe that Bitcoin guarantee him a bright future.
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The race for the big treasury
Recently, the company even took out a bitcoin-backed loan to buy more…bitcoins! As incredible as it may seem, this example demonstrates the solidity of this asset in the current financial market. And Saylor has been emulated in Wall Street and elsewhere.
If Bitcoin treasuries portfolio tracker is any indication, MicroStrategy reigns supreme. master on this sector. In second place we find You’re here far behind with 43,200 BTC in the bag. Then we find mainly mining companies and crypto platforms but also the company Square in fourth place. Founded by Jack Dorsey – the former CEO of Twitter – it has more than 8000 units.
But a new kid just got into the race and he’s not kidding! Do Kwonthe CEO of the foundation TerraForm Lab – the structure behind the Terra blockchain – also accumulates bitcoins to secure his project. After just a few purchases – huge! – he finds himself just behind Tesla at 800 BTC.
Finally, whatever the reasons for buying it! Whether for to secure an innovative blockchain project, for to diversify its cash or protect against future inflation, The result is the same. Some companies invest massively in Bitcoin and don’t seem determined to leave any to others. What will be the next major financial players to cross the Rubicon? Mirror, my beautiful mirror, tell me who has the best collection of bitcoins…
Always more resistant, more relevant and faster, Bitcoin is moving forward ineluctably. To be part of the revolution, prepare for the future by registering on the Swissborg reference platform. Act now to get a bonus of up to €200 in cryptocurrencies. Tomorrow, it will be too late (affiliate link, in return for a minimum deposit of €50).