#MicroStrategyAcquiresBTC #MicroStrategyAcquiresBTC
MicroStrategy is a data analytics software company that has become one of the pioneers in adopting Bitcoin (BTC) as part of its investment strategy. Since mid-2020, MicroStrategy has been buying large amounts of Bitcoin, attracting the attention of markets and investors.
### Bitcoin Buying Background
In August 2020, the company’s CEO, Michael Saylor, announced that the company was investing in Bitcoin as a way to protect its assets from inflation and economic volatility. MicroStrategy emphasized that Bitcoin is a “value reserve” as an alternative to traditional money. This announcement was a turning point, as it encouraged other companies to consider Bitcoin as an investment option.
### Bitcoin Buying Effects