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At the moment, MicroStrategy introduced it bought a further 15,400 bitcoin for about $1.5 billion. This brings its whole holdings to over 400,000 BTC, virtually 2% of your complete 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 whole, 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 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 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 also be copying MicroStrategy’s playbook and introduced right this 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. Now we 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 accessible coin they’ll 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 forth) shopping for up cash for his or her ETFs. The quantity of demand for bitcoin right this moment 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 PharmaceuticalsAnd that is only 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 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 relatively undertake it as your major financial savings account and sit again and soak up all the advantages of holding bitcoin — particularly with regard to holding your personal non-public keys.
The plan is easy: purchase bitcoin, safe it safely, and maintain it for the long run. For those who promote, you can be promoting immediately into the palms of MicroStrategy and each different firm working this playbook.
This text is a Take. Opinions expressed are totally the creator’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
