The post Saylor Celebrates 4th Anniversary Of Microstrategy’s Bold Bitcoin Bet appeared first on Coinpedia Fintech News
MicroStrategy co-founder Michael Saylor took to social media to celebrate the fourth anniversary of the company’s bold Bitcoin bet. On August 11, 2020, the firm adopted Bitcoin as its primary treasury reserve asset. MicroStrategy has managed to outperform 499 out of 500 stocks in the S&P 500. MSTR stock was added to the MSCI World Index earlier this year after outperforming Bitcoin. However, due to a loss of $102.6 million reported in the previous quarter, it is not eligible for the prestigious S&P 500 index for now. However, Saylor recently confirmed that MicroStrategy would continue buying Bitcoin.
