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MicroStrategy Drops 'Micro' from Name to Embrace Bitcoin
MicroStrategy, originally known as MicroStrategy, has dropped the 'Micro' from its name to emphasize its focus on Bitcoin. The company, founded by Michael Saylor, has transitioned from its software business to become a prominent Bitcoin investor, purchasing $250 million in Bitcoin in 2020 as a hedge against inflation. Saylor, who previously expressed skepticism about Bitcoin, now views it as a dependable store of value and an attractive investment asset with long-term potential.