news

bitcoin

1 X bitcoin bitcoin =

Tuesday

29 September 2020

MicroStrategy Is Planning to Buy a Whole Lot More Bitcoin | Live Bitcoin News

MicroStrategy Is Planning to Buy a Whole Lot More Bitcoin | Live Bitcoin News


smart summary beta

Grayscale reported more than $1 billion in bitcoin transactions during its second quarter, and another company called MicroStrategy announced that it would purchase more than $250 million in bitcoin to add to its financial reserves.

$250 million is not a small number, and the fact that the company would be purchasing so much means that the executives behind the firm clearly see bitcoin and crypto as money of the future.

The company is now issuing a statement saying that it is looking into more bitcoin options and that it is considering adding even more bitcoin to its already massive stash.

Under the new policy, treasury reserve assets will consist of (I) cash, cash equivalents and short-term investments (“cash assets”) held by the company that exceed working capital needs and (II) bitcoin held by the company, with bitcoin serving as the primary treasury reserve asset on an ongoing basis, subject to market conditions and anticipated needs of the business for cash assets, including future potential share repurchase activity.

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.1)

Article Metadata

author

site

livebitcoinnews.com
Market data feeds provided by cryptocompare.com
bitsmart 2018