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Strategy₿ becomes Bitcoin’s first treasury company

Key Takeaways

  • Strategy has rebranded to emphasize its position as the world’s largest Bitcoin treasury company.
  • The company focuses on integrating AI and bitcoin as key transformative technologies.

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MicroStrategy has rebranded as “Strategy”, marking its evolution as the world’s largest Bitcoin treasury company while maintaining its focus on AI-powered business intelligence solutions.

The company unveiled a new orange color scheme and logo featuring a stylized “B” to represent its strategic focus on Bitcoin. The rebranding includes a new merchandise line available through the company’s online store.

President and CEO Phong Le emphasized the company’s dual focus, stating that “Bitcoin and artificial intelligence align with the two most transformative technologies of the 21st century,” reinforcing Strategy’s mission to create value for shareholders and customers.

“Strategy is one of the most powerful words in human language (…) After 35 years, our new brand perfectly represents our pursuit of perfection,” said Michael Saylor.

The company, which began investing in Bitcoin as a treasury reserve asset in 2020 under Saylor’s leadership, has accumulated billions in Bitcoin holdings, establishing itself as the largest corporate holder of the digital asset.

Strategy plans to discuss the rebranding and financial results during its earnings call at 5 PM EST.

Past november, MicroStrategy procured 27,200 BTC, increasing its holdings to 279,420 BTC, currently valued at about $23 billion, through share sales.

In past June, Bernstein identified MicroStrategy as a pioneer in Bitcoin capital markets, utilizing $4 billion in convertible debt to purchase Bitcoin and foster institutional demand.

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This article first appeared at Crypto Briefing

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Written by Outside Source

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