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BTC · 2w

MicroStrategy confirm that buying/ holding bitcoin is now their primary corporate business strategy in a letter to the FASB, with growing their analytics software second.

In a recent letter to the FASB found [HERE](https://www.fasb.org/cs/BlobServer?blobkey=id&blobnocache=true&blobwhere=1175836327196&blobheader=application%2Fpdf&blobheadername2=Content-Length&blobheadername1=Content-Disposition&blobheadervalue2=973641&blobheadervalue1=filename%3DAGENDACONSULT.ITC.012.MICROSTRATEGY_INCORPORATED_PHONG_LE.pdf&blobcol=urldata&blobtable=MungoBlobs), President & Chief Financial Officer of MicroStrategy, Phong Le writes: "In the first quarter of 2021, we determined to pursue as part of our overall corporate strategy, a strategy of acquiring bitcoin with our liquid assets that exceed working capital requirements, and from time to time, subject to market conditions, issuing debt or equity securities with the objective of using the proceeds to purchase bitcoin. We now pursue two corporate strategies in the operation of our business: (1)to acquire and hold bitcoin, which we view as a store of value, supported by a robust and public open-source architecture, that is untethered to sovereign monetary policy and can therefore serve as a hedge against inflation and (2) to grow our enterprise analytics software business to promote our vision of Intelligence Everywhere. " The history of Bitcoin will never forget MicroStrategy.
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