FYI recent article on this topic:
Pretty much similar to earlier articles, but a couple of nice new quotes and well worded sound bites:
MicroStrategy Just Sent Green Light To Corporate America On Bitcoinhttps://www.forbes.com/sites/christopherbrookins/2020/08/14/microstrategy-just-sent-green-light-to-corporate-america-on-bitcoin/Disclosure: The article's author owns bitcoin and ethereum.
Per the CEO, Michael J. Saylor, “Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders.”
He further notes that “MicroStrategy has recognized Bitcoin as a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash...and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.”
Jeff Dorman, CIO of Arca, notes that MicroStrategy’s bitcoin investment has potentially “let the genie out of the bottle” on two issues, which could have lasting effects on Corporate America and Banking Industry.
1) “Every other Corporate Finance team at public companies saw the 10% move higher in Micro Strategy's stock price. Back in 2017/2018, many public companies found a way to use the word ‘Blockchain’ on earnings calls, just because the market was rewarding stocks of companies who were forward thinking. The move in Micro Strategy's stock upon announcement of a BTC ‘cash’ position will incentivize other CorpFin teams to consider this.”
On the surface, it seems MicroStrategy’s bitcoin allocation has the potential to be the first domino in fulfilling Satoshi’s vision of a global, decentralized financial system, thus further validating it as a store of value, reliable payment network, and medium of exchange.