MicroStrategy, a prominent name in the Bitcoin universe, has recently boosted its Bitcoin treasury by acquiring an additional 15,400 units of the flagship cryptocurrency. The transaction, valued at an estimated $1.5 billion, has elevated the company’s total Bitcoin possession to over 400,000 BTC, equivalent to nearly 2% of the entire Bitcoin circulation.
This significant investment comes in the wake of Bitcoin’s remarkable surge of almost 40% in November. In the same period, MicroStrategy has made a staggering investment of more than $12 billion in Bitcoin. As a result, the company’s total Bitcoin portfolio now exceeds $38 billion.
Interestingly, other corporate entities are following MicroStrategy’s strategic blueprint of accumulating Bitcoin as a reserve asset. The company’s CEO, Michael Saylor, has even held discussions with Microsoft’s CEO and board members, persuading them to adopt a Bitcoin standard. Microsoft, ranked as the third-largest company globally by market capitalization, is contemplating the inclusion of Bitcoin in its balance sheet.
Equally noteworthy is the fact that MARA, a publicly-traded Bitcoin mining firm, has announced plans to raise up to $805 million in debt to augment their Bitcoin holdings, mirroring MicroStrategy’s approach.
The trend isn’t expected to dissipate anytime soon. The corporate world is witnessing a new epoch of Bitcoin accumulation, led by titans like MicroStrategy. These corporations are on a mission to acquire every available Bitcoin unit, and given their conviction, they are unlikely to sell. The demand for Bitcoin is skyrocketing, with major players like BlackRock, Fidelity, and ARK snapping up coins for their ETFs.
For new and aspiring Bitcoin investors, adopting a personal strategic Bitcoin reserve could prove beneficial. This doesn’t necessarily mean taking on debt to buy Bitcoin, but considering it as a primary savings account could be a wise move. The strategy is straightforward – purchase Bitcoin, secure it effectively, and hold onto it for the long run. Selling would only benefit companies like MicroStrategy who are following this accumulation playbook.
This article reflects the author’s personal perspective and does not necessarily represent the views of BTC Inc or Bitcoin Magazine.
