new treasury reserve asset

Elon Musk adds #Bitcoin to his Twitter Profile

We’ve been growing more and more confident that Tesla would jump into utilizing Bitcoin as a treasury reserve asset. Tesla’s cash reserves have been exploding – exponentially growing even as of 2020 with the stock pumping to record highs.

Now it seems inevitable that Tesla will add Bitcoin to its treasury reserves in 2021.

Michael Saylor ($MSTR) buys $10 Million More Bitcoin and Announces “Bitcoin for Corporations” Conference in February

To most this $10 million dollar, “small change”, bid into Bitcoin barely raises an eyebrow when MicroStrategy has already purchased over 70,400 Bitcoins PRIOR.

It’s not about the amount – but it shows that MicroStrategy’s “treasury reserve” strategy will include continued buying pressure on Bitcoin for months and years to come.