{"id":31725,"date":"2024-11-26T23:56:00","date_gmt":"2024-11-26T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=31725"},"modified":"2025-08-03T08:45:34","modified_gmt":"2025-08-03T00:45:34","slug":"strategy-bitcoin","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/","title":{"rendered":"Strategy, slack off in original business, makes huge fortune from Bitcoin"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Company_profile\" >Company profile<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Introduction\" >Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Main_business\" >Main business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Initial_public_offering\" >Initial public offering<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#A_controversial_past\" >A controversial past<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Income_is_false\" >Income is false<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Tax_fraud\" >Tax fraud<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Was_investigated_by_the_SEC\" >Was investigated by the SEC<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Its_all_about_Bitcoin\" >It&#8217;s all about Bitcoin<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Buy_Bitcoin_all_the_way_up\" >Buy Bitcoin all the way up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Repeatedly_raising_funds_to_buy_Bitcoin\" >Repeatedly raising funds to buy Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#When_the_Bitcoin_crash\" >When the Bitcoin crash<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#The_company_with_the_most_Bitcoins\" >The company with the most Bitcoins<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Shorted\" >Shorted<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Capital_market_performance\" >Capital market performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Bullish_after_Trump_won\" >Bullish after Trump won<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Stunning_stock_trading_volume\" >Stunning stock trading volume<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Share_price_performance\" >Share price performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Market_value\" >Market value<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/strategy-bitcoin\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Company_profile\"><\/span>Company profile<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/www.Strategy.com\/\" target=\"_blank\" rel=\"noopener\">Strategy <\/a>(ticker: MSTR) is a US listed company. The company was founded in 1989 by Michael J. Saylor, Sanju Bansal and Thomas Spahr. Specializes in developing software to analyze internal and external enterprise data to make business decisions and develop mobile applications.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Main_business\"><\/span>Main business<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When Strategy was first established, the main services it provided were business intelligence, data analysis, mobile software development and cloud computing; it could be regarded as a typical small software service provider.<\/p>\n\n\n\n<p>The main competitors of Strategy include SAP&#8217;s Business Objects, IBM&#8217;s Cognos and Oracle&#8217;s BI platform. But now few people know what this company&#8217;s original business was, because it has become irrelevant.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Initial_public_offering\"><\/span>Initial public offering<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On June 11, 1998, Strategy became a public company through an initial public offering.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_controversial_past\"><\/span>A controversial past<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Income_is_false\"><\/span>Income is false<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Strategy was sued in a securities fraud class action lawsuit in March 2000 after it significantly overstated its 1998 and 1999 revenues.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_fraud\"><\/span>Tax fraud<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In August 2022, the Attorney General of the District of Columbia indicted Thaler for tax fraud, accusing him of illegally evading more than $25 million in taxes by impersonating residents of other jurisdictions. Strategy is accused of working with Thaler to help him evade taxes by misreporting his residential address to local and federal tax authorities and failing to withhold Washington, D.C., taxes. Strategy said the case was &#8220;a personal tax matter involving Mr. Thaler&#8221; and called the claims against the company &#8220;spurious&#8221; and that it would &#8220;vigorously defend against this overreach.&#8221;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Was_investigated_by_the_SEC\"><\/span>Was investigated by the SEC<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On March 20, 2000, following a review of its accounting practices, the company announced that it would restate its financial performance for the previous two years. Its stock price rose from $7 per share to $333 per share in one year, and fell to $120 per share in one day, a 62% drop, considered the year the dot-com bubble burst.<\/p>\n\n\n\n<p>In December 2000, the U.S. Securities and Exchange Commission filed charges against the company and its senior executives. Strategy and certain of its officers were subsequently sued for fraud. In December 2000, Thaler, Bansal and the company&#8217;s former chief financial officer reached a settlement with the SEC without admitting wrongdoing and each paid a fine of $350,000. The officials also turned over a total of $10 million in stolen goods. The company settled with the SEC and hired an independent director to ensure regulatory compliance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Its_all_about_Bitcoin\"><\/span>It&#8217;s all about Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Co-founder and director Seiler decided to start investing in Bitcoin in 2020, initially as a hedge against inflation. Due to Strategy&#8217;s large holdings of crypto assets, the company&#8217;s securities are widely considered an alternative to Bitcoin.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Buy_Bitcoin_all_the_way_up\"><\/span>Buy Bitcoin all the way up<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In August 2020, Strategy invested $250 million in Bitcoin as a Treasury Reserve asset, citing declining cash returns, a weak U.S. dollar, and other global macroeconomic factors. The company subsequently made several large Bitcoin purchases; as of September 19, 2022, Strategy and its subsidiaries held approximately 130,000 Bitcoins, with a total acquisition price of $3.98 billion, averaging per Bitcoin The purchase price is $30,639. Thaler was the driving force behind the strategy.<\/p>\n\n\n\n<p>On September 25, 2023, Strategy announced that between August 1, 2023 and September 24, 2023, Strategy and its subsidiaries acquired approximately 5,445 Bitcoins at an average price of approximately $147.3 million in cash.<\/p>\n\n\n\n<p>In the second quarter of 2024, 1,2222 Bitcoins were purchased.<\/p>\n\n\n\n<p>According to the 8-K filing released on September 13, 2024, Strategy purchased an additional 18,300 Bitcoins at an average price of US$60,408 per coin from August 6 to September 12, for a total price of approximately 1.11 billion. Dollar.<\/p>\n\n\n\n<p>On November 11, 2024, it was announced that it had spent US$2 billion to buy 27,200 Bitcoins.<\/p>\n\n\n\n<p>Strategy bought approximately 51,780 Bitcoins at a price of approximately $4.6 billion, with an average price of $88,627. This is the largest purchase by the crypto hedge fund agent since it began acquiring digital assets more than 4 years ago. According to documents published by the SEC, Strategy bought these Bitcoins between November 11 and 17.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Repeatedly_raising_funds_to_buy_Bitcoin\"><\/span>Repeatedly raising funds to buy Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The company, which initially used cash to make purchases, has shifted to using proceeds from the issuance and sale of stock and convertible debt sales to leverage its purchasing power.<\/p>\n\n\n\n<p>Increase Bitcoin reserves through the sale of $600 million in convertible senior notes in March 2024.<\/p>\n\n\n\n<p>Micro-strategy for large-scale investment in Bitcoin announced on November 24, 2024, the issuance of convertible bonds with a scale of US$1.75 billion, and plans to use the proceeds from the bond issuance to purchase more Bitcoins.<\/p>\n\n\n\n<p>The well-known financial website Ba Rong reported that Strategy announced after the market close on November 18, 2024, that it would issue convertible bonds at zero interest rates to qualified institutional investors in accordance with Section 144A of the Securities Act of 1933; the company announced in September 2024 A batch of convertible bonds of about US$1 billion was issued at the end of the month, and it has also increased its purchases of Bitcoin many times in recent months.<\/p>\n\n\n\n<p>Barong analyzed that the market has a strong interest in micro-strategy convertible bonds, because the volatility of micro-strategy stocks is extremely high, which brings arbitrage space to investors who buy convertible bonds, and the company can therefore issue bonds at &#8220;zero interest rate&#8221; .<\/p>\n\n\n\n<p>The company&#8217;s CEO expanded the strategy in 2024, saying the company aims to raise $42 billion over the next three years.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_the_Bitcoin_crash\"><\/span>When the Bitcoin crash<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In 2022, the company faced margin calls due to poor stock markets and a sharp decline in Bitcoin. On December 22, 2022, Strategy sold 704 Bitcoins, which was their first sale of Bitcoins, for an amount of approximately US$11.8 million.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_company_with_the_most_Bitcoins\"><\/span>The company with the most Bitcoins<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Declaration information shows that as of November 17, 2024, Strategy and its subsidiaries held a total of 331,200 Bitcoins, and the average price of each Bitcoin was approximately US$49,874; Strategy\u2019s hand positions accounted for the overall Bitcoin circulation The proportion of 20 million pieces is slightly higher than 1.5%.<\/p>\n\n\n\n<p>It currently holds more than $29 billion worth of Bitcoin. It is the company with the largest number of Bitcoins in the world.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shorted\"><\/span>Shorted<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Citron Research, a well-known short-selling institution, wrote in an article on X on November 21, 2024 that the stock price of Strategy was &#8220;oversold&#8221; and clearly deviated from fundamentals, and may face pressure in the future. Citron pointed out that buying micro-strategy stocks is equivalent to investing in Bitcoin indirectly, but now it is very easy to buy and sell Bitcoin directly, and investors don\u2019t have to do anything extra, so they have shorted micro-strategy stocks. As a result, the stock price plummeted 16% on November 21, 2024.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_market_performance\"><\/span>Capital market performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bullish_after_Trump_won\"><\/span>Bullish after Trump won<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After Trump was elected, the market expected that cryptocurrency policies would be friendlier, driving the price of Bitcoin to soar, once exceeding $93,000. As the price of Bitcoin soared this year, micro-strategies also became a hot stock.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stunning_stock_trading_volume\"><\/span>Stunning stock trading volume<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Strategy\u2019s transaction volume reached US$33.27 billion on November 20, 2024, second only to Nvidia, which released its financial report. Nvidia\u2019s transaction volume that day was US$45.2 billion. In fact, Strategy once exceeded Nvidia&#8217;s trading volume during the day.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Share_price_performance\"><\/span>Share price performance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>From the beginning of 2024 to November 22, 2024, the stock price soared 515.7%. In the past five years, it has increased by 2,682.85%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_value\"><\/span>Market value<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Presumptive U.S. President Trump shouted in support of cryptocurrency during his campaign. Since Trump won the election, the price of Bitcoin has repeatedly hit new highs. The market value of micro-strategies for major Bitcoin players has also risen with the trend, breaking through the 100 billion U.S. dollar mark and reaching a market value of 110 billion U.S. dollars. Became one of the companies with the highest market capitalization not included in the S&amp;P 500 Index.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2024\/11\/Strategy-Custom.png\" alt=\"Strategy\" class=\"wp-image-31727\"\/><figcaption class=\"wp-element-caption\">credit: Wiki<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/07\/16\/bitcoin-monopolizes\/\">Why Bitcoin monopolizes the cryptocurrency market<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/08\/02\/stablecoins-accepted\/\">Stablecoins are rapidly being accepted by the market<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/26\/Strategy-bitcoin\/\">Strategy, slack off in original business, makes huge fortune from Bitcoin<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/03\/12\/enlightenment-of-bitcoin\/\" target=\"_blank\" rel=\"noreferrer noopener\">Enlightenment of Bitcoin reaching new heights<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/03\/02\/bitcoin-etf-spot\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin ETF spot trading approval has far-reaching impact<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/01\/04\/cryptocurrency-etfs\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cryptocurrency ETFs drive surge in related companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/07\/24\/top-vendors-and-uses-of-gpu\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top vendors and uses of GPU<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/07\/14\/invest-cryptocurrency\/\" target=\"_blank\" rel=\"noreferrer noopener\">Investing in cryptocurrency is not as good as investing in related companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/06\/jack-dorsey-bitcoin\/\" target=\"_blank\" rel=\"noreferrer noopener\">Incredible Bitcoin fanatical supporter, Jack Dorsey<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/12\/you-should-know-the-company-square\/\">You should know the company Square (rebraned to Block)<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/12\/28\/coinbase-and-binance\/\" target=\"_blank\" rel=\"noreferrer noopener\">How do Coinbase and Binance make money? Advantages comparison<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/12\/how-blackrock-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does BlackRock, the world&#8217;s largest index and asset management company, make money<\/a>?&#8221;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Due to MicroStrategy&#8217;s large holdings of crypto assets, the company&#8217;s securities are widely considered an alternative to Bitcoin.<\/p>\n","protected":false},"author":1,"featured_media":31727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87],"tags":[835],"class_list":["post-31725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-mstr"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/31725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=31725"}],"version-history":[{"count":13,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/31725\/revisions"}],"predecessor-version":[{"id":37499,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/31725\/revisions\/37499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/31727"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=31725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=31725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=31725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}