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MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset
- thinkmassive 6y ago"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." - Michael J. Saylor, CEO
- speedgoose 6y agoWe don't even know for sure that P≠NP
- carterklein13 6y agoWhat was their primary treasury reserve asset before the switch to Bitcoin? Unless I'm missing something, I don't see that mentioned anywhere in the article. I find it hard to believe a company would go from something ultra-stable like T-Bills to Bitcoin... so I have to imagine they already had something on the more volatile side...
- thinkmassive 6y agoMore conversation here: https://news.ycombinator.com/item?id=24119919 https://news.ycombinator.com/item?id=24119919 (originally that linked to a BusinessWire article, but it's now updated to the press release linked from this submission)