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MicroStrategy To Let Employees Invest In Bitcoin Through 401(k) Retirement Plans
MicroStrategy revealed on Tuesday, April 26, that it will offer Bitcoin to staff as an option for their 401K retirement savings account.
Ankita K.
2:34 26th Apr, 2022
Bitcoin

The news follows the announcement that investment giant Fidelity will enable investors to be able to allocate a portion of their 401(k)s into Bitcoin later this year, according to a report in the Wall Street Journal.

MicroStrategy CEO and Bitcoin advocate Michael Saylor tweeted:

“As @MicroStrategy continues to be a pioneer in bitcoin for corporations, we are planning to offer our employees the option to invest in Bitcoin as part of their 401K portfolio. $MSTR.”

he added:

“MicroStrategy looks forward to working with 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.”

Notably, Microstrategy chairman and CEO Saylor had recently dismissed rumors that the company is secretly selling its Bitcoin holding.

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