Friday, June 9, 2023

NASDAQ listed company buys $50M of Bitcoin

By DAC000 , in Bitcoin , at December 5, 2020 Tags:

according to SEC filings, on December 4th, 2020 NASDAQ listed Microstrategy (MSTR) purchased $50M of Bitcoin. SEC filing is a one minute read, active Twitter thread below notes this isn’t the first time, and is generally positive.

Comment: pretty obvious why MSTR is purchasing Bitcoin — more than likely they are using it for payments, and by doing so disintermediating financial institutions. Banking is changing right before our eyes, but few notice.