Comply with Nikolaus On 𝕏 Right here For Each day Posts
As we speak, MicroStrategy introduced it bought an extra 15,400 bitcoin for about $1.5 billion. This brings its complete holdings to over 400,000 BTC, nearly 2% of the whole bitcoin provide.
MicroStrategy now owns 402,100 #bitcoin price $38 BILLIONThey now personal nearly 2% of the entire bitcoin provide 🤯 pic.twitter.com/lbEpHNer7T
— Nikolaus Hoffman (@NikolausHoff) December 2, 2024
Within the month of November, bitcoin rose nearly 40% whereas MicroStrategy purchased over $12 billion in bitcoin. In complete, MicroStrategy now owns over $38 billion in bitcoin.
Different firms are actually beginning to copy the Microstrategy play ebook and run their technique of accumulating bitcoin as a strategic reserve asset. Saylor even introduced to Microsoft’s CEO and board of administrators on why they need to undertake a bitcoin commonplace. 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 steadiness sheet. Insane!
Publicly traded bitcoin miner MARA can also be copying MicroStrategy’s playbook and introduced 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. Now we have formally entered a brand new period of bitcoin accumulation that’s being led by these giant firms. Saylor, MicroStrategy, and different firms are going to scoop up each out there 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 massive 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.
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 relatively undertake it as your main financial savings account and sit again and absorb all the advantages of holding bitcoin — particularly with reference to holding your personal non-public keys.
The plan is easy: purchase bitcoin, safe it safely, and maintain it for the long run. In case you promote, you can be promoting immediately into the palms of MicroStrategy and each different firm operating this playbook.
This text is a Take. Opinions expressed are totally the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
