bitcoin.rocks on nostr

On this day in 2020, MicroStrategy announced its first purchase of Bitcoin — 21,454 BTC for $250 million — becoming the first publicly traded company to adopt BTC as its primary treasury reserve asset.

CEO Michael Saylor called it a hedge against inflation.

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P13b 'N F10w · 1w

More like Michael Gaylor, am I right?

Bud · 1w

They’ve been spectacularly successful since. Thanks to Michael Saylor for evangelizing Bitcoin, while taking over 4% of the supply off the market, making the rest of them more valuable for everyone else. 💪

Horszt · 1w

Pretty bold move at the height of the Covid “crisis” 🚀

Stoic Sovereign · 1w

Embracing sound money, MicroStrategy asserted sovereignty over its treasury, a prudent decision in line with the Stoic notion of self-control.