MicroStrategy invests $250 million in Bitcoin

Bitcoin is an option to consider and MicroStrategy, the world’s largest business intelligence company, knows it. Today, the company confirmed in a statement that it had acquired 21,454 BTCs for $250 million.

Big bet on Bitcoin
MicroStrategy, a publicly traded company, today acquired 21,454 BTC in what it describes as a „capital allocation strategy.

What is interesting about the news is that it turns out to be a new business strategy followed by a publicly traded company. And, not only that, but the amount on which it is betting is significant.

„This investment reflects our belief that Bitcoin, as the world’s most widely adopted crypto currency, is a reliable store of value and an attractive investment asset with more potential for long-term appreciation than cash,“ said Michael Saylor, CEO of MicroStrategy.

In addition, according to the press release, Saylor added that the company recognizes Bitcoin as a legitimate investment asset that can be superior to cash.

In fact, as an argument, Saylor noted that it is its „global acceptance, ecosystem vitality, network dominance, architectural resilience, technical utility, and community spirit of Bitcoin“ that make cryptomoney a good long-term option.

This is how the news has generated a wave of emotion and positivism in the social networks. In fact, Changpeng Zhao, CEO of Binance, noted how Wall Street money is starting to flow into Bitcoin.

Without a doubt, MicroStrategy marked an important milestone today in the crypto market, and specifically for Bitcoin. Who will be next?

Bitcoin Index Approaches Extreme Greed

Report: New Bitcoin Theft
On August 9 an investigative report was published in Medium under the pseudonym ’nusenu‘ where it is pointed out that hackers have had a major influence on Tor, a private browser.

The important thing is that they have used this influence to hijack transactions in crypto currencies, specifically Bitcoin.

This has been made possible by an existing vulnerability in the browser’s network focused on privacy through which a hacker could be controlling a significant portion of Tor’s routing capability in an attempt to steal BTC.

$300,000 rescue in Bitcoin!
Michael Stay, CTO of Pyrofex Corp, managed to rescue $300,000 that was in a zip file in the name of an anonymous Russian investor.

According to Stay’s comments on YouTube, the anonymous investor acquired in 2016 a number of BTCs for $10,000. However, as it usually happens, once the funds were placed he seems to have lost his password.

But, against all odds, it seems that Stay’s skills were needed to recover the lost funds. The entire operation cost $7,000 and the investor split the reward and awarded $100,000 to Stay.