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MicroStrategy invests $ 250 million in Bitcoin


Bitcoin is an option to consider and MicroStrategy, the world’s largest business intelligence company, knows this. And it is that, today, the company confirmed in a statement that it would have acquired 21,454 BTC for USD 250 million.

Big bet on Bitcoin

MicroStrategy, a publicly traded company, acquired 21,454 BTC today in what is described as a “capital allocation strategy“.

The interesting thing about the news is that it turns out to be a new business strategy followed by a publicly traded company. And, not only that, but also the amount you bet on is significant.

“This investment reflects our belief that Bitcoin, as the most widely adopted cryptocurrency in the world, is a trusted store of value and an attractive investment asset with more potential for long-term appreciation than holding cash,” said Michael Saylor, CEO of MicroStrategy.

Also, according to the press release, Saylor added that the company recognizes Bitcoin as a legitimate investment asset that can be superior to cash.

In fact, as an argument, Saylor pointed out that they are his “global acceptance, ecosystem vitality, network dominance, architectural resilience, technical utility and community spirit of BitcoinWhich makes cryptocurrency a good long-term option.

This is how the news has generated a wave of emotion and positivism in social networks. In fact, Changpeng Zhao, CEO of Binance, noted how Wall Street money begins to flow into Bitcoin.

Without a doubt, MicroStrategy marked a major milestone today in the crypto market and specifically for Bitcoin. Who will be the next?

Report: New Bitcoin Theft

On August 9, an investigative report was published on Medium under the pseudonym ‘nusenu‘Where it is pointed out that hackers have exerted an important influence on Tor, a private browser.

The important thing is that they have used such influence with the aim of hijacking cryptocurrency transactions, specifically Bitcoin.

This has been made possible by an existing vulnerability in the privacy-focused browser network through which a hacker could be controlling a significant portion of Tor’s routing capacity to attempt to steal BTC.

$ 300,000 Bitcoin ransom!

Michael Stay, Chief Technology Officer of Pyrofex Corp, managed to rescue $ 300,000 that was in a zip file on behalf of an anonymous Russian investor.

According to what Stay comments on YouTube, the anonymous investor acquired in 2016 a quantity of BTCs for $ 10,000. However, as is often the case, once the funds have been placed it appears to have lost its password.

But, against all odds, it appears that Stay’s skills were the ones necessary to recover the lost funds. The entire operation cost $ 7,000 and the investor divided the reward and awarded $ 100,000 to Stay.

In a few lines …

  • The Liechtenstein Financial Market Authority (FMA) seems to be preventing Changpeng Zhao, CEO of Binance, from becoming one of the major shareholders of a struggling national bank.
  • Bitcoin Cash (BCH) experiences a major price surge as the number of whales declines since August 1.
  • Richard Stallman relates Bitcoin to China and, consequently, raises an alternative called GNU Taler.
  • Yearn Finance (YFI) it has risen 50% in less than 24 hours in what could be called the “Binance Effect”.

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