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MicroStrategy Rebrands to Strategy
The company said that the name change was a “natural evolution” given its strong focus on bitcoin.
What to know:
- MicroStrategy has changed its name to Strategy.
- The name change was a natural evolution as the company is aiming to emphasize its commitment to bitcoin.
- Strategy is reporting fourth-quarter earnings after the close on Wednesday.
MicroStrategy (MSTR) has changed its name to Strategy in a move to simplify its brand and reflect the focus of the company, it announced Wednesday.
STORY CONTINUES BELOW
Strategy’s new logo includes the famous Bitcoin “B”, signaling the company’s Bitcoin Treasury Strategy, and the name's new primary color is orange.
“This brand simplification is a natural evolution of the company, reflecting its focus and broad appeal,” a press release stated.
MicroStrategy, founded by now-Executive Chairman Michael Saylor, was primarily a software and infrastructure company since its 1989 debut. In the past five years, however, it has gradually shifted to become primarily focused on the accumulation of bitcoin, with its operating software business only a small fraction of the company valuation.
Last year, the company began calling itself a Bitcoin Strategy Company.
Strategy is announcing fourth-quarter earnings results after the close on Wednesday, with analysts expecting the firm to report a net loss as it continues to hold off marking higher its bitcoin holdings.
Helene Braun
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
