CEO Michael Saylor’s tweet comes the same day Fidelity said it will begin offering bitcoin investments in its 401(k) accounts later this year.Read MoreFeedzy
MicroStrategy (MSTR) plans to offer its employees access to bitcoin (BTC) retirement plays through Fidelity’s new bitcoin 401(k) service, CEO Michael Saylor tweeted Tuesday.
“MicroStrategy looks forward to working withFidelity Digital Assets to become the first public company to offer their employees the option to invest in bitcoin as part of our 401(k) program,” Saylor said in his tweet.
Earlier Tuesday, Fidelity said it would give corporations who use its retirement savings rails a bitcoin investment option later this year. Fidelity is one of the largest 401(k) providers working with 23,000 corporations. The move is a further signal of the legitimization of bitcoin, although with the crypto’s wild price swings it’s hardly a safe bet for the faint of heart.
MicroStrategy is best known in the cryptosphere for its aggressive bitcoin acquisition strategy. Earlier this month, the company purchased 4,157 BTC for about $190.5 million, bringing its total trove of holdings to 129,218 bitcoins, or $5.1 billion.
MicroStrategy and Fidelity did not respond to requests for additional information by press time.
Fidelity CEO Abby Johnson is scheduled to speak at Consensus 2022 in June.
DISCLOSURE
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Bitcoin is playing out a price movement that has convinced many traders that October 2025…
The Wall Street investment bank cited slower ETF flows, weak network activity and a narrowing…
The company sold 4,451 BTC in February to cut debt and fund AI infrastructure pivot.Read…
Your day-ahead look for March 17, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Crypto markets cooled after Monday's rally, with bitcoin eyeing support near $72,000–$74,000 even as derivatives…
Bitcoin’s foray above $70,000, while encouraging, has not really done much to quell the expectations…