MicroStrategy Inc (NASDAQ:MSTR), a provider of enterprise analytics and mobility software, has reported an insider sale according to a recent SEC filing.
Though MicroStrategy is a software and AI company, they are hoping to rebrand themselves into the "the world's first Bitcoin development company". Led by chairman Michael Saylor, they are putting their money where their mouth is, literally. Saylor and MicroStrategy have acquired 193,000 Bitcoins since 2020, making them the largest institutional holder of BTC in the world. This investment has paid off tremendously, making MicroStrategy into one of the most relevant public companies in the crypto
A simple equation helps explain the heated rally in bitcoin: More coins are being bought each day than new ones are being created.