This Firm’s $489M Purchase Says A Lot About The Future Of Bitcoin

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If you haven’t been following the world’s first and largest cryptocurrency, that’s a big drop of more than 50% in a little over two months. The dip under $30K was brief, and the world’s largest cryptocurrency bounced back above in a matter of hours. But it was still enough to make many investors panic. MicroStrategy (NASDAQ:MSTR) is a $5.4 billion software company that is a pioneer in corporations moving a portion of their cash into Bitcoin. Co-founder and CEO Michael Saylor saw the undeniable opportunity and sunk another $489 million into the company’s latest Bitcoin purchase.

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