“The institutions are coming.”

Anyone who’s been in the Bitcoin space for any significant period of time has heard some prominent figure within the space utter this phrase.

In August 2020, when MicroStrategy, an American-based business software company, announced it would be purchasing bitcoin to add it to its treasury, many thought that was the beginning of the institutional stampede.

But it wasn’t.

Sure, Tesla bought some bitcoin the following year, only to dump 75% of it soon after.

And so from 2020 through 2023, MicroStrategy was an anomaly. During these years, the company — led by Bitcoin permabull Michael Saylor — remained the only major corporation on Earth to convert a…

Read more on BitcoinMagazine