MicroStrategy is an American company that provides mobile software, cloud-based services, and business intelligence. The notable point about this company comes from the title of the company owning the most Bitcoin in the world.
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Who is MicroStrategy?
MicroStrategy is a company founded in the United States in 1989, providing mobile software, cloud-based services, and business intelligence. This company was co-founded by three individuals, Michael J. Saylor, Sanju Bansal, and Thomas Spahr.
From the moment it was founded, this company was oriented to focus on developing internal and external data analysis software. From the obtained data, we will continue to make business decisions and develop mobile applications.
One of the most notable achievements and products from the company is the latest version of MicroStrategy 2020, which includes a new design for the superintelligence analysis tool.
What makes MicroStrategy special?
If it’s just a large company specializing in developing data analysis software and providing business information, then what’s special about MicroStrategy? The answer lies in CEO Michael J. Saylor’s decision to invest in Bitcoin.
To be more specific, in 2020, Michael J. Saylor decided to venture into cryptocurrency Bitcoin with a total investment value of up to 1 billion USD. Accordingly, the wet figure for one unit of Bitcoin at that time will be 15.965 USD/BTC.
The above action has helped make MicroStrategy a pioneer among institutional investors in embracing the potential of digital assets. At the same time, this company becomes the company that owns the most Bitcoin in the world with a total value in the first half of 2024 of up to 14 billion USD.
Status of MicroStrategy after Bitcoin investment
After investing a huge sum in Bitcoin, the price of this cryptocurrency has skyrocketed significantly, bringing huge profits to the company. This increase also led to outstanding growth in the company’s stock price, showing that Michael J. Saylor made the right decision.
However, after the above period, the company’s stock price began to decrease and, at the same time, continuous error reports came from the company. This situation is explained as an inevitable consequence of investing too risky in the cryptocurrency market.
The peak was in 2015 when MicroStrategy’s stock price fell to a record level and caused Michael J. Saylor to resign so that Mr. Phong Le could replace him.
If you also want to learn more about other financial information, please take a look at JPMorgan Chase, Lehman Brothers,…
The future direction of MicroStrategy
At present, Michael J. Saylor’s decision to invest in Bitcoin is still considered an extremely correct decision as the price of Bitcoin has increased from 11.900 USD to nearly 69.000 USD. Thanks to that, MicroStrategy has become the company that owns the most Bitcoin in the world as we know.
That is not MicroStrategy’s last step into the cryptocurrency market as the company has announced its next plan to develop an ID identification protocol on the Bitcoin network called MicroStrategy Orange. According to shares, this project will allow identity verification through information stored and communicated on each satoshi, the smallest unit of Bitcoin.
MicroStrategy’s direction is to build a digital ID system that can prevent fraud in the face of drastic changes in current technology.
Conclusion
Finally, we have shared with you all the details we could find out about MicroStrategy, the company that owns the most Bitcoin in the world. Thank you for taking the time to follow and see you again in other content from AZcoin.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
