The article delves into the logic behind companies acquiring Bitcoin and the reasons why some firms have historically tended to decapitalize themselves. In the article, Alden also talked about the dominance of the Bitcoin network, liquidity and institutional interest.
Commenting on Alden’s article, Saylor stated, “Bitcoin will fix your corporate balance sheet.” Saylor’s statement generated discussion in the online community, with many agreeing with what he said. “The best collateral layer you can hope for. It will transform treasury management,” says X user @McDonaghMatthew.
Meanwhile, Saylor’s comment comes only days after a recent Bitcoin purchase by MicroStrategy. According to reports, MicroStrategy remains the largest corporate holder of Bitcoin with 226,500 BTC valued at approximately $12.9 billion at the current market price. Renowned Bitcoin mining company Marathon Digital (NASDAQ:MARA) comes in a very distant second place with $1.29 billion worth of Bitcoin.
In an earlier report, Saylor says Bitcoin helps his company outperform competitors. To back his statement, Saylor released a diagram that illustrates the advantages of Bitcoin over other assets. The diagram also highlighted MicroStrategy’s performance over other leading global technology companies like Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN).
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
