MicroStrategy

MicroStrategy is one of the world’s premier names in tech. The company provides business intelligence, mobile software, and cloud-based services. MicroStrategy is one of the most bullish companies there is when it comes to Bitcoin. In august of 2021, Michael Saylor announced that MicroStrategy would be using Bitcoin as its primary treasury reserve asset.

The effect of the Bitcoin on MicroStrategy’s balance sheet has been nothing short of game changing for the company’s stock price. As you can see on the chart below, MicroStrategy (NASDAQ: MSTR) saw a sharp increase in price as Bitcoin was accumulated. Furthermore, as the price of Bitcoin itself increased, the stock price of MicroStrategy raised.

Every publicly traded company that added Bitcoin to its balance sheet had a similar price increase to that of MicroStrategy. Corporate adoption of Bitcoin not only helps the companies that add it to their balance sheets, but also the investors who own stock in these companies. essentially, using Bitcoin to protect against inflation is an incredibly effective strategy on the individual level and corporate level alike. Even investors that are weary of cryptocurrency can still benefit from it without ever having to directly interact with it, by investing in companies like MicroStrategy.

Michael Saylor’s approach to gaining more Bitcoin with an interest-only loan that’s leveraged by the Bitcoin that MicroStrategy already owns is equally as iconic as it is bullish. This type of business move on Michael Saylor’s part is exactly the kind of investment that will help prove how powerful of a tool Bitcoin can be. As Bitcoin adoption increases, it seems the number of ways it can be used to stimulate the economy grow as well!

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