NASDAQ listed company buys $50M of Bitcoin

according to SEC filings, on December 4th, 2020 NASDAQ listed Microstrategy (MSTR) purchased $50M of Bitcoin. SEC filing is a one minute read, active Twitter thread below notes this isn’t the first time, and is generally positive.

Comment: pretty obvious why MSTR is purchasing Bitcoin — more than likely they are using it for payments, and by doing so disintermediating financial institutions. Banking is changing right before our eyes, but few notice.

MicroStrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin. We now hold approximately 40,824 bitcoins.https://t.co/nwZcM9zAXZ

— Michael Saylor (@michael_saylor) December 4, 2020