IlluMyFi

Company’s share price has risen twentyfold after it changed its strategy to become first ‘bitcoin treasury company’

In the summer of 2020, as the Covid-19 pandemic upended economies around the world, an obscure US software firm decided to diversify. MicroStrategy, whose head office is situated next to a shopping mall and metro station in Tysons Corner, Virginia, had decided the steady business of “software as a service” was not racy enough.

Instead, it would branch out by investing up to $250m in alternative assets – “stocks, bonds, commodities such as gold, digital assets such as bitcoin or other asset types”.

Sentiment

-0.41

Bearish/Bullish

05.01.25 05:16

by theguardian.com

Amazon aims to branch into UK internet market with satellite broadband plan

Proposed space launches within next two years could ultimately deliver mobile phone signal even to most remote areas

Amazon is hoping to offer a satellite broadband service in the UK within the next two years as it prepares to launch a constellation of spacecraft that could ultimately deliver a mobile signal even to the most remote areas.

The tech company, founded by Jeff Bezos, said it would seek access to British radio frequencies “over the next one to two years” as it prepares to offer satellite internet, according to a regulatory filing first reported by the Sunday Telegraph.