Floodgates

How Bitcoin Gets To $100,000 Next: Morgan Stanley Boosts Stake In Microstrategy, Opening The Floodgates

Back on August 11, when bitcoin was still trading just above $10,000, publicly traded business intelligence firm Microstrategy (MSTR) made a transformational announcement: the company said that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, a purchase made “pursuant to the two-pronged capital allocation strategy” which – in addition to…