LeoGlossary: Microstrategy

A business intelligence and cloud service company.

It was founded in 1989 by Michael Saylor, Sanju Bansal, and Thomas Spahr. The company went public in 1998 and trades on NASDAQ under the symbol MSTR.

Microstrategy make waves in the cryptocurrency world with a $250 million purchase of Bitcoin. This was part of the company's treasury reserve.

The reason for this was the poor return on cash, a weakening dollar and macroeconomic headwinds as the reason for turning to digital assets.

Bitcoin purchases totaled more than $3.9 billion.