MicroStrategy Redirected Hope.com To BTC: Report

Microstrategy redirected Hope.com to Bitcoin after the recent $435 million bitcoin purchase as the CEO of the company promoted the coin on Twitter. That’s why we are reading more in our latest bitcoin news today.

The ones seeking hope online fill find it in Bitcoin but not necessarily by intention but because Microstrategy redirected Hop.ecom and recently purchased $425 million in bitcoin. The resources from the platform comprise press material explaining why the company purchased the $425 million in bitcoin this summer as Michael Saylor, the CEO of the company said in a tweet, that bitcoin represents hope to people in need of an instrument for economic empowerment. Saylor promoted bitcoin since his purchase and sometimes, more than once in a day but this month he almost tweeted about it 30 times.

Ode to Maximalists. @michael_saylor @PeterMcCormack pic.twitter.com/Kkoy60tYTq

— Die For The Dow (@DieForTheDow) October 14, 2020

Alongside hope, Microstrategy gave “voice” to cryptocurrencies when it sold for $21 million to Voice.com domain to Block.one which created the EOS blockchain. Voice.com which is a social network that lets users pay each other crypto, launched this summer. Microstrategy owns Wisdom.com, Glory.com, and Strategy.com none of which redirect users to crypto resources. This presumption could have been that visitors of the sites already invested in Bitcoin.

In these challenging times, #Bitcoin represents hope to billions of people in need of an instrument of economic empowerment. Accordingly, we have redirected the hope domain to the #Bitcoin Education section of our website. Spread the word – #Bitcoin is https://t.co/kZl3k7Tm4h

— Michael Saylor (@michael_saylor) October 17, 2020

Michael.com is also for sale but currently hosts the personal website of Microstrategy CEO Michael Saylor. The educational resources on this website have been not recently updated but make no mention of cryptocurrencies, instead only speeches Saylor gave on the matters.

Microstrategy outperformed Nasdaq after its $175 million Bitcoin foray suggesting that the asset class is luring in more traditional investors. Microstrategy made its second BTC purchase and pushed the total cash holdings to more than $425 million. The company’s stocks increased by more than 9.3% after the news emerged so the investors responded as well and this could indicate a positive sentiment towards crypto assets. Microstrategy outperformed Nasdaq as the stocks increased by more than 9 percent and their CEO revealed the company purchase another $175 million in BTC. The investment makes up the part of the company’s strategy to diversify into crypto. Microstrategy’s move into BTC seems to be pleasing the market participants as the company’s stocks jumped by 9 percent while Nasdaq Composite sat a one percent gains. The competitor IT services companies saw slight movements. Cognizant increased by 1.2 percent, Infosys was up by less than one percent as well as Citrix System that was up under one percent as well.