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Right now, MicroStrategy introduced it bought an extra 15,400 bitcoin for roughly $1.5 billion. This brings its complete holdings to over 400,000 BTC, virtually 2% of the whole bitcoin provide.
MicroStrategy now owns 402,100 #bitcoin price $38 BILLIONThey now personal virtually 2% of the entire bitcoin provide 🤯 pic.twitter.com/lbEpHNer7T
— Nikolaus Hoffman (@NikolausHoff) December 2, 2024
Within the month of November, bitcoin rose virtually 40% whereas MicroStrategy purchased over $12 billion in bitcoin. In complete, MicroStrategy now owns over $38 billion in bitcoin.
Different corporations at the moment are beginning to copy the Microstrategy play guide and run their technique of accumulating bitcoin as a strategic reserve asset. Saylor even offered to Microsoft’s CEO and board of administrators on why they need to undertake a bitcoin customary. Microsoft is the third largest firm on this planet by market cap, and is voting on whether or not or not they need to add bitcoin to their stability sheet. Insane!
Publicly traded bitcoin miner MARA can be copying MicroStrategy’s playbook and introduced 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 have now 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 out there coin they’ll 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 large 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 PharmaceuticalsAnd that is only the start 🚀 pic.twitter.com/6YW7D2DnRn
— Nikolaus Hoffman (@NikolausHoff) November 27, 2024
I believe that everybody (this message is principally for the newer Bitcoiners) ought to observe swimsuit 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 reasonably undertake it as your major financial savings account and sit again and absorb all the advantages of holding bitcoin — particularly with regard to holding your individual personal keys.
The plan is straightforward: purchase bitcoin, safe it safely, and maintain it for the long run. If you happen to 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 fully the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
