5/19/2021 1:03:57 PM GMT | By Elliott Wave Forecast Team
As little as a year ago, Microstrategy wasn’t associated with the Crypto Currency sector. They were, and still are, a cloud based software company. However, investor focus changed in August of 2020 when they announced a major shift into Bitcoin investments. Let s take a look at what they do:
“Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the firm develops software to analyze internal and external data in order to make business decisions and to develop mobile apps. It is a public company headquartered in Tysons Corner, Virginia, in the Washington metropolitan area. Its primary business analytics competitors include SAP AG Business Objects, IBM Cognos, and Oracle Corporation’s BI Platform. Saylor is the CEO and chairman of the board.