Immediately, MicroStrategy announced it bought an extra 15,400 bitcoin for roughly $1.5 billion. This brings its whole holdings to over 400,000 BTC, virtually 2% of all the bitcoin provide.
MicroStrategy now owns 402,100 #bitcoin price $38 BILLION
They now personal virtually 2% of the full bitcoin provide 🤯 pic.twitter.com/lbEpHNer7T
— Nikolaus Hoffman (@NikolausHoff) December 2, 2024
Within the month of November, bitcoin rose virtually 40% whereas MicroStrategy bought over $12 billion in bitcoin. In whole, MicroStrategy now owns over $38 billion in bitcoin.
Different corporations at the moment are beginning to copy the Microstrategy play e-book and run their strategy of accumulating bitcoin as a strategic reserve asset. Saylor even presented to Microsoft’s CEO and board of administrators on why they need to undertake a bitcoin commonplace. Microsoft is the third largest firm on the earth by market cap, and is voting on whether or not or not they need to add bitcoin to their steadiness sheet. Insane!
Publicly traded bitcoin miner MARA can be copying MicroStrategy’s playbook and announced at the moment that they’re elevating as much as $805 million in debt to purchase extra bitcoin.
Do you get it but?
This isn’t going to cease any time quickly. We’ve got formally entered a brand new period of bitcoin accumulation that’s being led by these giant companies. Saylor, MicroStrategy, and different corporations are going to scoop up each accessible coin they will get their fingers on. And in the event that they’re as convicted as MicroStrategy is — they’re not promoting. That’s not even to say the opposite massive gamers now (BlackRock, Constancy, ARK, and many others) shopping for up cash for his or her ETFs. The quantity of demand for bitcoin at the moment is surreal.
Corporations that adopted a Strategic #Bitcoin Reserve this month:
– Rumble
– LQR Home
– Remixpoint
– Genius Group
– Cosmos Well being
– Jiva Applied sciences
– Hoth Therapeutics
– Thumzup Media Corp
– Acurx Prescription drugsAnd that is just the start 🚀 pic.twitter.com/6YW7D2DnRn
— Nikolaus Hoffman (@NikolausHoff) November 27, 2024
I believe that everybody (this message is especially for the newer Bitcoiners) ought to comply with go well with in adopting their very own private strategic bitcoin reserve for themselves and their households. I’m not saying or advising anybody to tackle debt to purchase bitcoin, however moderately undertake it as your main financial savings account and sit again and absorb all the advantages of holding bitcoin — particularly with regard to holding your individual non-public keys.
The plan is easy: purchase bitcoin, safe it safely, and maintain it for the long run. When you promote, you can be promoting instantly into the fingers of MicroStrategy and each different firm working this playbook.
This text is a Take. Opinions expressed are solely the writer’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.
