Microstrategy Bitcoin treasury strategy for businesses Take off. Public companies are afraid to buy Bitcoin. It’s as if Trump’s pro-Bitcoin stance is giving companies the green light to hoard Bitcoin.
yesterday LonelySeven public companies announced that they have purchased or plan to purchase bitcoin for their treasury reserves, with one new company a company Commit to buying $1 million in BTC today. Crazy, right? It feels like at least one or two new companies are adopting Bitcoin as a reserve asset every day – not to mention all the companies getting exposure to Bitcoin via ETFs.
It’s surreal to witness FOMO from companies adopting Bitcoin’s playbook in real time. I mean, Michael Saylor has been preaching this and leading by example for the last four and a half years, and now that we’re at nearly $100,000 Bitcoin, companies are collectively fearful.
Was it the surge in Bitcoin’s price that prompted the surge in a growing number of companies adopting Bitcoin, the incoming Trump presidency, or are companies taking Saylor’s advice more seriously now that his strategy has proven successful? It’s hard to tell, maybe it’s a combination of all three.
And beyond U.S. borders, other companies are also adopting MicroStrategy’s playbook — and reaping its benefits. Metaplanet, a publicly traded Japanese company, has gone from zombie company to No. 29 out of 4,000 listed companies in Japan in terms of trading value since adopting the company’s Bitcoin strategy. Unrealistic.
Metaplanet ranked No. 29 out of 4,000 listed companies in Japan in terms of turnover, surpassing larger market peers such as Itochu and NTT. https://t.co/mUgdytMRM6 pic.twitter.com/Xzf66g9o1r
– Simon Jerovich (@Jerovich) November 19, 2024
Over the next year I expect this Bitcoin adoption for businesses Only to increase as the price of Bitcoin rises and Trump takes office.
“Welcome to the Bitcoin Standard” – Michael Saylor.