The MicroStrategy Effect? This Firm Is Helping Businesses Save in Bitcoin
Bitcoin financial services firm Unchained Capital has released an “advanced business account” specifically targeting firms that want to hold BTC.
Even if they don’t know it yet, Michael Saylor thinks gold investors will eagerly dump the commodity for what he calls a superior store of value – bitcoin.
Bitcoin is boosting MicroStrategy's market visibility, say executives. Revenues rose 6.4% year over year and the company notched a net loss of $14.2 million for the quarter.
MicroStrategy executives are on the hunt for blockchain experts who could help the publicly traded firm build a suite of bitcoin data services.
Saylor said the bitcoin market needs high-quality data, in an interview Tuesday.
Other payment companies will also likely follow in Square's footsteps or risk getting shut out of a growing segment, JPMorgan wrote.