Right this moment, MicroStrategy announced it bought a further 15,400 bitcoin for roughly $1.5 billion. This brings its complete holdings to over 400,000 BTC, nearly 2% of the complete bitcoin provide.
MicroStrategy now owns 402,100 #bitcoin value $38 BILLION
They now personal nearly 2% of the full bitcoin provide
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— Nikolaus Hoffman (@NikolausHoff) December 2, 2024
Within the month of November, bitcoin rose nearly 40% whereas MicroStrategy bought over $12 billion in bitcoin. In complete, MicroStrategy now owns over $38 billion in bitcoin.
Different firms 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 customary. 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 stability sheet. Insane!
Publicly traded bitcoin miner MARA can be copying MicroStrategy’s playbook and announced in the present day 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 now have formally entered a brand new period of bitcoin accumulation that’s being led by these massive companies. Saylor, MicroStrategy, and different firms are going to scoop up each obtainable coin they will get their palms 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 so on) shopping for up cash for his or her ETFs. The quantity of demand for bitcoin in the present day is surreal.
Firms 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 Prescribed drugsAnd that is just the start
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— Nikolaus Hoffman (@NikolausHoff) November 27, 2024
I feel that everybody (this message is principally 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 slightly 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 personal non-public keys.
The plan is straightforward: purchase bitcoin, safe it safely, and maintain it for the long run. Should you promote, you may be promoting straight into the palms of MicroStrategy and each different firm operating this playbook.
This text is a Take. Opinions expressed are completely the writer’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.
