Share this article
MicroStrategy to Offer Workers Bitcoin Options in 401(k) Accounts via Fidelity
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.
By Cam Thompson
Updated May 11, 2023, 6:52 p.m. Published Apr 26, 2022, 3:16 p.m.
Make us preferred on Google
MicroStrategy (MSTR) plans to offer its employees access to bitcoin 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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
More For You
More For You
Specialized AI detects 92% of real-world DeFi exploits
New research claims specialized AI dramatically outperforms general-purpose models at detecting exploited DeFi vulnerabilities.
What to know:
- A purpose-built AI security agent detected vulnerabilities in 92% of 90 exploited DeFi contracts ($96.8 million in exploit value), compared with 34% and $7.5 million for a baseline GPT-5.1-based coding agent running on the same underlying model.
- The gap came from domain-specific security methodology layered on top of the model, not differences in core AI capability, according to the report.
- The findings come as prior research from Anthropic and OpenAI shows AI agents can execute end-to-end smart contract exploits at low cost, accelerating concerns that offensive AI capabilities are scaling faster than defensive adoption.
Top Stories
