Источник
Decrypt.co, New York, USA


Заголовок
What Is MicroStrategy (MSTR)? The Bitcoin Treasury Company


Дата
20250108


Этим цветом    обозначаются известные системе слова и выражения,
принимавшие участие в анализе данного текста, а таким    - идентифицированные,
то есть соотнесенные с каким-либо объектом онтологической базы

============= Обработанный текст:

What Is MicroStrategy (MSTR)? The Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Treasury Company What Is MicroStrategy (MSTR)? The Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Treasury Company Software firm MicroStrategy and its co-founder Michael Saylor have become synonymous with Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. Here’s everything you need to know. By Logan Hitchcock Jan 8, 2025 Jan 8, 2025 5 min read Create an account to save your articles. Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE Today, MicroStrategy is one of the most important institutions in cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта , but it didn’t start out that way. The company, co-founded by Michael Saylor—one of the most influential figures in the world of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin—first made its mark in software. Now, however, it’s best known for its aggressive strategy of acquiring Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin for its corporate reserves , with Saylor becoming a key figurehead for the institutional adoption of the asset. Here’s everything else you need to know about MicroStrategy and its relationship with Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin . What is MicroStrategy? Before it added Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin to its balance sheet, MicroStrategy was best known for its business intelligence• Экономика » Бизнес » Менеджмент » Управление проектами » Управление данными » Бизнес-анализ software solutions, which were designed to help businesses more easily analyze data for improved decision making. Founded in 1989 by Michael Saylor, MicroStrategy quickly became successful, going public and trading on the NASDAQ in 1998 as MSTR. But just two years later, Saylor and two other top executives at MicroStrategy had to settle a case with the SEC, which alleged that the company had “materially overstated revenues and earnings from the sales of software and information services.” After a brief spike in its share price in 2000, MSTR traded in a tight range for the next two decades, only beginning to make a major move upwards at the end of 2020—the same year it announced its first Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin purchase. MicroStrategy’s Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin treasury reserve In 2020, MicroStrategy made a groundbreaking move: the company adopted Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin as its primary treasury reserve asset. Concerned about the devaluation of the United States dollar and fiat currency due to inflation, Saylor spearheaded the company's first purchase of $250 million in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin as a hedge against economic uncertainty. “This investment reflects our belief that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, as the world’s most widely-adopted cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash,” he said at the time. The company’s Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin buying strategy has evolved over time and shifted to primarily using the sale of convertible notes to raise funds to buy more Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. In other words, MicroStrategy utilizes short-term debt raises via convertible notes that allow investors to eventually cash in for MicroStrategy stock. It then uses the funds raised from the sale of the notes to buy Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. This strategy has ultimately been adopted by other publicly traded companies like MARA and Riot Platforms . In December, Saylor likened this strategy to the development of Manhattan real estate, telling CNBC that, “Every time Manhattan real estate goes up in value, they issue more debt to develop more real estate.” As MicroStrategy has become ever more closely intertwined with Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, the company now refers to itself as the “World’s First and Largest Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Treasury Company” via its investor relations page . Michael Saylor, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin bull Though Michael Saylor is now one of the loudest voices advocating for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, he wasn’t always a Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin bull. Just seven years before his company adopted the crypto as its main reserve asset, Saylor posted on Twitter that “#Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.” #Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy. — Michael Saylor⚡️ (@saylor) September 18, 2020 Since then, Saylor has done a complete 180° , claiming Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is the best long-term asset to hold while committing to “buying the top forever,” referring to consistently purchasing the asset at its peak prices—which MicroStrategy continues to do. In Saylor’s view, that means he might be buying Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin at $13 million , the price target he’s established for the asset over the next 21 years as he expects it to take up a larger percentage of total global capital. The case against MicroStrategy’s Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reserve MicroStrategy’s persistent Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin acquisitions via the sale of debt has faced scrutiny by analysts and media in the space. In November 2024, Robinhood-backed Sherwood Media outlined the “math problem,” with MSTR being worth 3x the amount of BTC that it holds and the potential of forced liquidations in a drawdown. These ideas have seeped into the wider crypto community as well, with formerly bullish Citron Research taking a short position in November 2024, betting on the share price of MSTR to go down. Citron’s notes suggest MSTR is “overheated ” and no longer required to gain exposure to Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin investments. If the MSTR share price falls enough, MicroStrategy could be forced to sell Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin to repay more than $4 billion in convertible notes, “effectively reversing its ‘perpetual motion machine’...which would further decrease Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price ,” according to Sherwood Media. The future of MicroStrategy Other companies have adopted MicroStrategy's Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reserve strategy, including Japanese firm Metaplanet and Canadian crypto firm Matador Technologies . While MicroStrategy has continued its consistent Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin purchases, the firm signaled in October it has no plans on slowing down in the future. At that time, MicroStrategy announced plans to raise up to $42 billion in order to add more of the leading cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта asset to its balance sheet. The company, which owns nearly $46 billion worth of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin as of January 2025, is up more than $17 billion on its purchases lifetime according to data from SaylorTracker . Saylor’s ambitions for MicroStrategy are even grander than adding major Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reserves to the company’s balance sheet. In October 2024, he outlined his vision for MicroStrategy to evolve into a “Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin bank” with a trillion-dollar valuation, creating capital market instruments tied to Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin that can be offered to investors. In addition to adding to its own holdings, Saylor and company are now also pitching other major publicly traded companies. In December 2024, he told the Microsoft board they could stand to create $5 trillion in value by adopting Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. They voted against adding it to their balance sheet…for now. Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. STARTTEXT Your Email• Коммуникации » Интернет-коммуникации » Электронная почта Get it! Get it! Learn about Crypto & earn your NFT certificate of completion! Sign up for free online courses covering the most important core topics in the crypto universe and earn your on-chain certificate - demonstrating your new knowledge of major Web3 topics. 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============= Итог:
8,1000 ; Экономика#Финансы#Платежные средства#Платежные системы интернета
	#Криптовалюта#Bitcoin
1,3359 ; Экономика#Бизнес#Менеджмент#Управление проектами#Управление данными
	#Бизнес-анализ

1,3125 ; Коммуникации#Интернет-коммуникации#Электронная почта