MicroStrategy: Software Stock Is A Solid Bitcoin Tracker (MSTR)
Summary
The bank’s reason was that MSTR was trading as a “virtual currency product” after it opted to sell its bonds to purchase Bitcoins (BTC). MicroStrategy’s status as a publicly listed stock in the US offering Bitcoin exposure will prove essential for the growth of its enterprise analytics business in the long term. Square’s CEO and former Twitter (TWTR) boss Jack Dorsey said that his fintech firm was working to build a BTC mining system. With more BTC being mined in the current era, MicroStrategys option of putting a mortgage against the coins or lending them to generate yields will shore up serious profits. MicroStrategy Incorporated’s operating strategy of buying Bitcoins to the extent of borrowing billions of unsecured debts to finance the purchase will prove worthwhile in the long run.