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Saylor suggests companies adopt Bitcoin to increase company valuation 

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Saylor suggests companies adopt Bitcoin to increase company valuation  3

The Microstrategy former CEO Michael Saylor explained how he achieved huge success for his company via easy Bitcoin adoption strategy.

Microstrategy is a US-based Nasdaq-listed business intelligence firm that is popular in the Bitcoin market because of the company’s big Bitcoin balance. 

On 30 April 2024, Michael Saylor, the former CEO of Microstrategy, informed his followers that his company purchased $7.8 million worth of Bitcoin. With this new purchase, the company added 122 new BTC to the company’s balance sheet. 

So at this current date, this company is holding a total of 214,400 BTC. 

In April, @MicroStrategy acquired an additional 122 BTC for $7.8 million and now holds 214,400 BTC. Please join us at 5pm ET as we discuss our Q1 2024 financial results and answer questions about the outlook for #BusinessIntelligence and #Bitcoin. $MSTR https://t.co/h40yyrgEb0

— Michael Saylor⚡️ (@saylor) April 29, 2024

At this current BTC holding, the company has 74% unrealised profit which is equal to $5.59 billion.

In April, @MicroStrategy acquired an additional 122 BTC for $7.8 million and now holds 214,400 BTC. Please join us at 5pm ET as we discuss our Q1 2024 financial results and answer questions about the outlook for #BusinessIntelligence and #Bitcoin. $MSTR https://t.co/h40yyrgEb0

— Michael Saylor⚡️ (@saylor) April 29, 2024

With another tweet, Saylor informed the other companies to see how the stock price of Microstrategy ($MSTR) surged by nearly 1,000% following the adoption of Bitcoin. 

Indirectly, Saylor suggested other public companies jump on the Bitcoin bandwagon to gain a significant pump in their corresponding stock prices. 

Adopt a #Bitcoin Strategy. pic.twitter.com/uKUPSccp3t

— Michael Saylor⚡️ (@saylor) April 29, 2024

In the past couple of years, Saylor talked about the potential Bitcoin balance use plan several times. He also advocated the use of Bitcoin ordinals (BRC20) protocol to bring unique use cases of the Bitcoin blockchain network but so far no official announcement has come to the public domain regarding the Bitcoin app, tool, etc. 

In the past, some people raised future concerns over the bulk Bitcoin buy activities of Microstrategy firm but some Bitcoin advocates supported Microstrategy & said that big BTC buys will end up in a very big buy pressure among the top companies in the future. 

Bitcoin price 

The current trade price of Bitcoin (BTC) is $60,940 & this trade price is 3.12% down over the last 24 hours. 

Saylor suggests companies adopt Bitcoin to increase company valuation  2

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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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