MicroStrategy will allow retirement savings to be transferred in bitcoin
The head of the company, Michael Saylor, announced a collaboration with the custodial platform, Fidelity Investments, as part of the program
27.04.2022 - 14:40
313
2 min
0
What’s new? On April 26, MicroStrategy announced that it will offer employees the opportunity to invest retirement savings from a 401(k) account in bitcoin. MicroStrategy CEO Michael Saylor wrote about this on Twitter. He reported that the company will partner with the custodial platform, Fidelity Investments.
What are the benefits of the program? With Fidelity’s workplace Digital Assets Account (DAA), individuals will be able to transfer part of their savings from a 401(k) account in bitcoin. The asset in its own DAA will be stored on the Fidelity Digital Assets custody platform, which will provide institutional-grade security.
What had happened before? Fidelity Investments will allow 401(k) retirement savings account holders to directly invest in bitcoin. The new retirement investment plan in cryptocurrency will go into effect in late 2022. If approved by employers, retirees will be able to invest up to 20% of their savings in bitcoin.
In October 2021, the City of Houston (Texas) Firefighters’ Relief and Retirement Fund announced the purchase of cryptocurrency. The fund partnered with NYDIG.
Useful material?
Telegram 
Twitter Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024
Cryptocurrency rates
-
Bitcoin
$69 953
BTC
+3.06%
-
Ethereum
$2 445.4
ETH
+0.61%
-
BNB Smart Chain
$567.33
BSC
+2.38%
-
Ripple
$0.512724
XRP
+0.76%
-
Dogecoin
$0.172916
DOGE
+8.46%
-
Cardano
$0.334921
ADA
+1.88%
-
Bitcoin Cash
$341.26
BCH
+2.42%
-
Polkadot
$3.89
DOT
+2.75%
-
Litecoin
$66.18
LTC
-0.13%
-
Stellar XLM
$0.093342
XLM
+2.35%