Today, MicroStrategy Announce It purchased an additional 15,400 bitcoins for approximately $1.5 billion. This brings its total holdings to more than 400,000 bitcoins, roughly 2% of the total bitcoin supply.
MicroStrategy now has 402,100 #Bitcoin With a value of $38 billion
They now own approximately 2% of the total supply of Bitcoin 🤯 pic.twitter.com/lbEpHNer7T
– Nicholas Hoffmann (@NicholausHoff) December 2, 2024
In November, Bitcoin rose Nearly 40% while MicroStrategy Bought Over $12 billion worth of Bitcoin. In total, MicroStrategy now owns more than $38 billion in Bitcoin.
Other companies are now starting to copy Microstrategy’s playbook and run with it strategy From accumulating Bitcoin as a strategic reserve asset. Saylor even foot To Microsoft’s CEO and Board of Directors on why adopting the Bitcoin standard is necessary. Microsoft is the third largest company in the world by market capitalization, and is voting on whether or not it should add Bitcoin to its balance sheet. crazy!
Publicly traded Bitcoin mining company MARA is copying MicroStrategy’s playbook and Announce Today they are raising up to $805 million in debt to buy more Bitcoin.
Have you got it yet?
This won’t stop any time soon. We have officially entered a new era of Bitcoin accumulation led by these large companies. Saylor, MicroStrategy, and other companies will collect all the available coins they can get. And if they’re as guilty as MicroStrategy, they don’t sell. Not to mention the other big players now (BlackRock, Fidelity, ARK, etc.) who are buying coins for their ETFs. The amount of demand for Bitcoin today is surreal.
Companies that have adopted the strategy #Bitcoin Book this month:
– Rumble
– LQR House
– Remix Point
– Genius Group
– The health of the universe
– Jiva Technologies
– Hoth treatments
-Thumsup Media Company
– Acorex Pharmaceutical CompanyAnd this is just the beginning🚀 pic.twitter.com/6YW7D2DnRn
– Nicholas Hoffmann (@NicholausHoff) November 27, 2024
I think everyone (this message is mainly for new Bitcoin users) should follow suit in adopting their own personal strategic Bitcoin reserve for themselves and their families. I’m not saying or advising anyone to go into debt to buy Bitcoin, just adopt it as your primary savings account and enjoy all the benefits of holding Bitcoin – especially in terms of holding your private keys.
The plan is simple: buy bitcoin, secure it safely, and hold it for the long term. If you sell, you will be selling directly into the hands of MicroStrategy and every other company that runs this playbook.
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
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