MicroStrategy, a leading business intelligence company, has been making headlines in the cryptocurrency world with its bold move of investing in Bitcoin. The company’s CEO, Michael Saylor, has been a vocal advocate for Bitcoin and has been actively promoting its adoption among other corporations.

In August 2020, MicroStrategy made its first Bitcoin purchase of 21,454 BTC, worth approximately $250 million at the time. This was followed by another purchase of 16,796 BTC in September, bringing their total investment to 38,250 BTC, worth over $1 billion. This move was seen as a major endorsement of Bitcoin’s potential as a store of value and a hedge against inflation.

Fast forward to today, MicroStrategy’s investment in Bitcoin has proven to be a smart move, with the company’s stock price soaring more than 65%. According to SaylorTracker, an online tool that tracks MicroStrategy’s Bitcoin investment, the company has an unrealized gain of over $19 billion. This is a remarkable achievement, considering that the company’s initial investment was only $250 million.

MicroStrategy’s success with Bitcoin has not gone unnoticed, and many other companies have followed suit. Tesla, Square, and MassMutual are just a few examples of companies that have recently invested in Bitcoin. This trend is a clear indication of the growing acceptance and adoption of Bitcoin as a legitimate asset class.

Saylor has been a vocal advocate for Bitcoin, often citing its scarcity, durability, and portability as key factors that make it a superior store of value compared to traditional assets like gold. He has also been actively promoting Bitcoin to other corporations, hosting webinars and conferences to educate them about the benefits of investing in the digital currency.

MicroStrategy’s success with Bitcoin has not only benefited the company but has also brought attention to the potential of cryptocurrencies as a whole. With more companies and institutions showing interest in Bitcoin, it is clear that the future of cryptocurrency is bright and full of potential.