MEXCBreaking: MicroStrategy Rebrands To ‘Strategy,’ Unveils Bitcoin Logo
Highlights
- MicroStrategy is now doing business under the name 'Strategy.'
- The company also unveiled its new logo, which features the Bitcoin symbol.
- MSTR stock failed to rebound on the back of this news.
MicroStrategy has officially rebranded, with the software company unveiling its new name and logo. Interestingly, the company’s new logo features the Bitcoin logo, which reaffirms its commitment to its BTC strategy.
MicroStrategy Is Now ‘Strategy’
In a press release, the software and Bitcoin Treasury company announced that it is now doing business as ‘Strategy.’ It added that Strategy is the world’s first and largest Bitcoin Treasury company, the largest independent, publicly traded business intelligence company, and a Nasdaq 100 stock.
MicroStrategy further stated in the press release that this brand simplification is a natural evolution of the company, reflecting its focus and broad appeal. As part of the rebrand, the company also unveiled its new logo, which includes a stylized “B,” which it explained signifies its Bitcoin strategy and unique position as a Bitcoin Treasury company.
Meanwhile, the company revealed that the brand’s primary color is now orange, representing “energy, intelligence, and Bitcoin.” This development comes just days after MicroStrategy announced plans to raise $563 million to buy more BTC.
Speaking on the rebrand, Michael Saylor, the company’s founder and Executive Chairman, said,
Strategy is one of the most powerful and positive words in the human language. It also represents a simplification of our company name to its most important, strategic core. Antoine de Saint-Exupery said, ‘Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.’ After 35 years, our new brand perfectly represents our pursuit of perfection.
MSTR Stock Fails To React
MicroStrategy’s stock failed to react positively to the news of the rebrand to ‘Strategy.” Nasdaq data shows that the MSTR stock price is down almost 2% today and is currently trading at around $342.
However, the stock price could rebound as the company is set to announce its earnings today after the market closes at 9 pm UTC. The company’s earnings beating expectations could easily lead to a rally for the MSTR stock.
Meanwhile, the Bitcoin price remained unchanged and failed to react to the company’s new BTC logo. The flagship crypto is currently trading at around $97,200, down almost 2% in the last 24 hours.
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