Strategy (formerly MicroStrategy), founded by Michael Saylor, officially rebrands and emphasizes its commitment to Bitcoin. The company, a significant Bitcoin holder, believes Bitcoin has been a major influence in its history, adopting it as a Treasury Reserve Asset in 2020 and accumulating a large holding through balance sheet funds and debt financing. Saylor recently reassured the Bitcoin community about Strategy's continued support for the cryptocurrency.
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This move was considered strategic as it would help the company gain additional collateral to hedge its debt finance for the asset.The rebranding to Strategy is a well-thought-out move as the Saylor-owned firm is going all out on the coin. Reminding his more than 4.1 million followers on X might be Michael Saylor’s way of reassuring the broader Bitcoin ecosystem of a reliable ally.In his advocacy for Bitcoin, Saylor has always maintained a longer-term plan for Bitcoin.
Technology BITCOIN STRATEGY MICROSTRATEGY MICHAEL SAYLOR TREASURY RESERVE ASSET
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