CandleFocus 'MSTR Is Bitcoin Treasury Company': Michael Saylor Unveils Key MicroStrategy Plans
2024-11-07
Author: Content Editor
Michael Saylor, the CEO of MicroStrategy and a prominent Bitcoin advocate, revealed that MicroStrategy is not just a software company, but a Bitcoin treasury company. Saylor explained that MicroStrategy buys BTC and uses these reserves to issue various securities, such as MSTR Options, MSTR ETFs, Spot Bitcoin ETFs, MSTR Convertible Shares, MSTR Dividend, and MSTR Fixed. The company plans to share its profits, as seen in the provided chart. MicroStrategy currently holds 252,220 BTC, valued at over $18.91 billion, with an average purchase price of $39,266. This move by MicroStrategy makes it the first Bitcoin treasury company in history.
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