Savvy Trades and Investments

[jtomm]

MSTR - A Landmark Day?

Microstrategy [MSTR] today made itself the first major public corporation to make Bitcoin it's primary reserve corporate asset, rather than holding cash in US dollars. $250 million worth, so not a small move. This may be the start of a move to a voluntary, global, free-market money that is controlled by no govt that can simply print up more whenever it wants -- to pay for whatever latest crazy scheme it has dreamed up.

Ironically, Microstrategy was one of the most crazily valued companies during the internet boom. Put your chart all the way back to year 2000 and you can see how crazy the valuation was.

Only time will tell whether they're fools or visionaries:

https://www.businesswire.com/news/home/20200811005331/en/MicroStrategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset