DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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The company holding the largest amount of BTC is not a crypto company.
MicroStrategy.
You must have heard of them.
Or its enigmatic soothsayer of a CEO, Michael Saylor.
He is able to relate anything back to BTC and praise it in a billion different ways.
“MicroStrategy, the largest publicly traded holder of Bitcoin, says it acquired an additional 850 BTC in January, bringing its total holdings to 190,000 BTC, worth $10 billion.”
Yes, companies are often faced with the need to reinvent themselves or risk becoming obsolete.
But how far will you go?
MicroStrategy, a once under-the-radar data analytics firm, provides a striking example of such a pivot.
Four years ago, MicroStrategy seemed to be at a crossroads, struggling to find a growth strategy that worked.
They tried everything from hiring engineers to marketing on social media and at conferences, but nothing sparked the growth they needed.
Their stock price was stagnant, and inflation only added to their woes, particularly with their overseas business losing value in devaluing currencies like the Argentine peso.
Then like magic, Bitcoin fell onto his lap.
Saylor was a BTC believer, almost too fanatical.
In a daring move, MicroStrategy invested $250 million in Bitcoin in August 2020, becoming the first publicly traded company to add the cryptocurrency to its balance sheet.
Not sure how he convinced the shareholders and board to do it, but he did it.
This marked the beginning of a new chapter for the company, as they continued to buy Bitcoin quarterly.
Fast forward to today, and MicroStrategy holds approximately 190,000 BTC, valued at around $10 billion.
Everyone else is saying how Saylor has $10B in BTC.
He currently has 1% of all BTC in existence.
This bold strategy paid off in a big way, as their stock price surged by 154% over the last year, and they are now knocking on the door of the S&P 500.
But this strategy is not without its detractors and risks.
Critics argue that such heavy investment in a volatile asset like Bitcoin exposes the company and its shareholders to significant financial risk.
In contrast, supporters applaud MicroStrategy’s visionary approach in a rapidly evolving digital asset landscape.
It is very risky, so you bet controversies will follow.
The company’s fourth-quarter earnings call in 2023 revealed some interesting insights.
They acquired 56,650 BTC throughout 2023 at an average price of $33,580. Despite a decrease in revenue, the company posted a net income of $89.1 million, compared with a loss of $249.7 million in 2022.
Michael Saylor, MicroStrategy’s executive chairman, attributed this performance to investors recognizing the broader theme of digital asset transformation.
In an industry where innovation and risk-taking are often rewarded, MicroStrategy’s approach has been nothing short of radical.
By heavily investing in Bitcoin and pivoting towards a digital asset strategy, they have redefined their business model and, in the process, ignited a debate on corporate investment strategies in digital currencies.
Imagine, a non-crypto publicly traded company focusing not on its core businesses but instead spending their dollars acquiring more BTC each quarter.
And by no means of their actions, BTC prices are going up, making them a tidy profit (on paper at least).
Interesting eh?
Saylor has unrelenting, unwavering conviction in BTC and takes high risk bets.
But is it smart for a publicly traded company to own so much BTC?
It is smart for a non-crypto company to dive so deep into crypto and not focus on its core businesses?
Remember, crypto like any high-risk asset, is volatile and unpredictable.
When it’s going good, great.
But what happens when it goes south, and prices start dipping?
-
Do you think MicroStrategy is smart to own so much Bitcoin?
-
#MicroStrategy #BitcoinInvestment #CorporateStrategy #DigitalAssets #TechInnovation #FinancialRisk #Cryptocurrency #BoldDecisions #MarketVolatility #TechEvolution #BusinessTransformation #CorporateGrowth #StockMarket #FinancialPerformance #InvestmentStrategy #RiskTaking #DigitalCurrency #CorporatePivot #EconomicTrends #TechIndustry #FutureOfFinance
The company holding the largest amount of BTC is not a crypto company.
MicroStrategy.
You must have heard of them.
Or its enigmatic soothsayer of a CEO, Michael Saylor.
He is able to relate anything back to BTC and praise it in a billion different ways.
“MicroStrategy, the largest publicly traded holder of Bitcoin, says it acquired an additional 850 BTC in January, bringing its total holdings to 190,000 BTC, worth $10 billion.”
Yes, companies are often faced with the need to reinvent themselves or risk becoming obsolete.
But how far will you go?
MicroStrategy, a once under-the-radar data analytics firm, provides a striking example of such a pivot.
Four years ago, MicroStrategy seemed to be at a crossroads, struggling to find a growth strategy that worked.
They tried everything from hiring engineers to marketing on social media and at conferences, but nothing sparked the growth they needed.
Their stock price was stagnant, and inflation only added to their woes, particularly with their overseas business losing value in devaluing currencies like the Argentine peso.
Then like magic, Bitcoin fell onto his lap.
Saylor was a BTC believer, almost too fanatical.
In a daring move, MicroStrategy invested $250 million in Bitcoin in August 2020, becoming the first publicly traded company to add the cryptocurrency to its balance sheet.
Not sure how he convinced the shareholders and board to do it, but he did it.
This marked the beginning of a new chapter for the company, as they continued to buy Bitcoin quarterly.
Fast forward to today, and MicroStrategy holds approximately 190,000 BTC, valued at around $10 billion.
Everyone else is saying how Saylor has $10B in BTC.
He currently has 1% of all BTC in existence.
This bold strategy paid off in a big way, as their stock price surged by 154% over the last year, and they are now knocking on the door of the S&P 500.
But this strategy is not without its detractors and risks.
Critics argue that such heavy investment in a volatile asset like Bitcoin exposes the company and its shareholders to significant financial risk.
In contrast, supporters applaud MicroStrategy’s visionary approach in a rapidly evolving digital asset landscape.
It is very risky, so you bet controversies will follow.
The company’s fourth-quarter earnings call in 2023 revealed some interesting insights.
They acquired 56,650 BTC throughout 2023 at an average price of $33,580. Despite a decrease in revenue, the company posted a net income of $89.1 million, compared with a loss of $249.7 million in 2022.
Michael Saylor, MicroStrategy’s executive chairman, attributed this performance to investors recognizing the broader theme of digital asset transformation.
In an industry where innovation and risk-taking are often rewarded, MicroStrategy’s approach has been nothing short of radical.
By heavily investing in Bitcoin and pivoting towards a digital asset strategy, they have redefined their business model and, in the process, ignited a debate on corporate investment strategies in digital currencies.
Imagine, a non-crypto publicly traded company focusing not on its core businesses but instead spending their dollars acquiring more BTC each quarter.
And by no means of their actions, BTC prices are going up, making them a tidy profit (on paper at least).
Interesting eh?
Saylor has unrelenting, unwavering conviction in BTC and takes high risk bets.
But is it smart for a publicly traded company to own so much BTC?
It is smart for a non-crypto company to dive so deep into crypto and not focus on its core businesses?
Remember, crypto like any high-risk asset, is volatile and unpredictable.
When it’s going good, great.
But what happens when it goes south, and prices start dipping?
-
Do you think MicroStrategy is smart to own so much Bitcoin?
-
#MicroStrategy #BitcoinInvestment #CorporateStrategy #DigitalAssets #TechInnovation #FinancialRisk #Cryptocurrency #BoldDecisions #MarketVolatility #TechEvolution #BusinessTransformation #CorporateGrowth #StockMarket #FinancialPerformance #InvestmentStrategy #RiskTaking #DigitalCurrency #CorporatePivot #EconomicTrends #TechIndustry #FutureOfFinance
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