MicroStrategy and Bitcoin
MicroStrategy is one of the largest publicly-traded companies to hold significant quantities of Bitcoin. CEO Michael Saylor began purchasing it as an asset that cannot be lost to inflation.
Bitcoin investment at this company has proven profitable despite recent market turmoil and has outshone other investments such as Solver and Gold.
History of Money
Money is at the core of our lives; we worry about it, dream about ways to get more of it, and ultimately spend it. Yet how did money become what it is today? The history of money is an intriguing journey filled with twists and turns, great ideas and bad ones alike.
Are You Curious About Modern Monetary Systems or Currencies Origins? This book is an absolute must. While its initial pace may be slow, once it gets going it becomes highly engaging and informative. I appreciated that it didn’t become mired with academic arguments and scholarly jargon – plus its engaging storytelling made for an enjoyable reading experience!
This book, written by an accomplished ethnographer and historian with a deep knowledge of economics from its classical roots to modern electronic money systems, presents an unbiased, balanced viewpoint that is sorely missing among today’s economists, who often resort to wearing historical blinders when discussing economic matters. Anyone can read it; in particular high school students should find this work essential reading.
MicroStrategy is an analytics and business intelligence software tool which offers users a range of visualization and analysis tools to gain insights from data, and make more informed decisions. Available as both cloud and on-premise solutions, it integrates easily with platforms such as SharePoint, WebSphere, NetWeaver etc. It also comes equipped with its own freeform SQL engine as well as Dynamic MDX Engine so users can interact with cube databases like SAP, Microsoft Analysis Services and Hyperion Essbase directly.
MicroStrategy can also take advantage of various open source tools to expand its functionality, including real-time dashboard deployment and predictive analytics reports. Furthermore, this software also supports other analytical and reporting features useful to business analysts, report designers, and data scientists.
MicroStrategy offers both cloud and on-premise services and is compatible with Windows, Linux and Mac operating systems. Furthermore, an SDK enables developers to create custom apps and interfaces, placing it among SelectHub’s Top 15 list.
The World Before Money
Money has become such an integral part of society that it can be hard to imagine life without it, yet people still managed transactions and exchanged value prior to modern civilization’s formation by bartering, lending or giving goods and services without expecting anything in return.
Only recently have there been key inventions that allowed for exchange of value through an intermediary such as cash or paper money, opening up economies and producing new forms of wealth.
The printing press provided mass production and circulation of currency, enabling merchants to accept more forms of payments and consumers to trade more freely. Next came the industrial revolution – machines were invented that could perform repetitive tasks automatically and so increased automation opened up economies with greater divisions of labor.
Internet development provided an ideal platform to support electronic commerce and digital payment systems, leading to online shopping, banking and money transfers – but the biggest innovation of them all was Bitcoin: an innovative digital medium of exchange which provided secure value transfer across the web.
It was an enormous leap forward for humanity because it eliminated the need to trust intermediaries like banks, credit card companies and payment processors with moving money around and gave individuals complete control of their assets.
MicroStrategy’s stock has outshone that of bitcoin it holds so heavily, yet there have been challenges at the company. Microstrategy has faced accusations over its accounting practices, executive resignations and volatile trends in business intelligence industry despite these setbacks; nonetheless it remains an legitimate business with some of the most cutting edge software on offer today.
Renaissance Technologies recently purchased Bitcoin to reaffirm its bullish position on this cryptocurrency, as its price continues to trend sideways near $26,000 per coin, marking its lowest level in over a month and following an announcement by quantitative focused hedge fund Renaissance Technologies that they made an important purchase of this asset class.
The World After Money
MicroStrategy stands to capitalize on a world transitioning away from money as we enter its post-money future. As one of the premier providers of data intelligence software, Porsche and Visa use MicroStrategy products such as interactive dashboards, formatted reports, scorecards and ad hoc queries for data intelligence applications. Established by Michael Saylor in 1989, their products support interactive dashboards, formatted reports scorecards as well as ad-hoc queries – but their core business remains developing and distributing dashboards to their clients.
MicroStrategy initiated an initiative that could significantly bolster Bitcoin in 2020 in an attempt to mitigate inflationary pressure on cash assets, purchasing over 70,000 BTC by the end of 2021 and using that amount as windfall funds to pay off loans from Silvergate Bank as well as purchasing more Bitcoin.
MicroStrategy currently holds approximately 0.618% of the total supply of Bitcoin as per Coingecko, making them one of the biggest public corporate holders and signaling that institutional investors are prepared to put more capital into crypto space.
MicroStrategy’s Bitcoin investment has made them a champion of digital assets and earned them a place at the table as investors in the future of money. Their reasoning for holding onto Bitcoin includes using it as an attractive store of value, source of liquidity and hedge against currency devaluation.
Although Bitcoin prices have fallen since their peak in 2020, the company still believes BTC to be an excellent long-term investment option. If the decline continues however, liquidation would become necessary which would send shockwaves through the crypto market and damage its standing as an investor in future money sources.
The company recently informed its shareholders of its plan to sell up to $750 million worth of stock through sales agreements with Cowen and Company, Canaccord Genuity and Berenberg Capital Markets for use as funding for Bitcoin investments.
The Bitcoin Standard
MicroStrategy was among the first publicly-traded companies to incorporate Bitcoin into its corporate strategy, showing its commitment to exploring new investments opportunities and capitalizing on digital currencies’ long-term value. This move shows MicroStrategy’s confidence in their future success as an investor.
This decision to invest in Bitcoin stems from their belief that cryptocurrency can serve as a hedge against inflation while offering greater returns than traditional assets. Therefore, they see including it in their balance sheet as increasing overall corporate risk management capabilities.
Additionally, the company believes that adopting a Bitcoin-focused business model will attract both investors and customers, tapping into crypto community’s growing demand for secure transactions quickly. As a result, sales should increase significantly over time.
Integration of Bitcoin into MicroStrategy can bring many advantages, one being access to Lightning Network features. Lightning Network enables instant settlement for micropayments and increases transaction speeds on blockchain technology; however, there may be challenges associated with its usage; therefore it’s vital that companies understand these obstacles prior to adopting Bitcoin into their platforms.
MicroStrategy is planning to release a Lightning Network solution that will allow its clients to utilize cryptocurrency payments for corporate payments, marking an important step toward mainstream adoption of Bitcoin. This announcement marks an historic moment in blockchain industry history and marks another big step toward mainstream acceptance of this cryptocurrency.
MicroStrategy is a leading US enterprise software firm offering mobile and cloud-based business intelligence (BI) and data analytics products. MicroStrategy’s products are created to assist businesses in making smarter decisions by providing access to a range of data sources. Used by some of the world’s largest organizations and offered in multiple languages, its offerings help businesses take more informed steps toward decision-making. MicroStrategy’s customers include banks, insurance companies, airlines and retailers. As well as providing business intelligence and analytics solutions, consulting services, support packages with standard, extended and premier levels offering phone, email portal access support as well as liaison support are also offered by this company.