Microstrategy has adopted Bitcoin as a primary treasury reserve asset. On its press release issued on Aug. 11, the world’s largest publicly traded business intelligence company has confirmed it had purchased 21,454 BTC for $250 million.

Speaking about their latest move, Michael J. Saylor, CEO of MicroStrategy, said:

This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.”

This huge move has not gone unnoticed by influencers as it marks a watershed moment for the institutional uptake of Bitcoin:

Also, the developer and Bitcoin enthusiast Jimmy Song had his say:

 

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