MicroStrategy Turns into Strategy, Keeps 471,107 BTC
Strategy the biggest corporate bitcoin holder maintained its Bitcoin ambition. The business, formerly known as MicroStrategy paid $20.5 billion for 218,887 bitcoins since the third quarter ended.
Currently, 471,107 bitcoins, or 2% of the total supply, are on Strategy’s balance sheet. Phong Le, the company’s president and CEO, stated, “We are well-positioned to further enhance shareholder value by leveraging the strong support from institutional and retail investors for our strategic plan.”.
We are leading the digital transformation of capital in the financial markets and have finished $20 billion of our $42 billion capital plan, well ahead of our original timelines. He added in its fourth-quarter financial release.
Strategy is acknowledged as the first and biggest Bitcoin treasury company.
major turning point in the company’s development, this rebranding emphasizes its distinct market position and dedication to Bitcoin.
The stylized “B” in the new logo represents the business’s Bitcoin strategy. Orange, connected to energy, intelligence, and Bitcoin, was chosen as the brand’s primary color. Strategy’s founder and executive chairman, Michael Saylor, announced the rebranding. “
Strategy is one of the most potent and constructive words in the human language,” he declared. Additionally, it simplifies our company name to its most crucial strategic component. “Perfection is reached when there is nothing more to add, but when there is nothing more to take away’
Strategy rebranded and opened a new store with merchandise bearing the Strategy brand.
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