Today, MicroStrategy announced he bought an additional 15,400 bitcoins for about $1.5 billion. This brings his total holdings to over 400,000 BTC, which is almost 2% of the entire bitcoin supply.
MicroStrategy now has 402,100 #bitcoin 38 BILLION dollars
They now own almost 2% of the total bitcoin supply π€― pic.twitter.com/lbEpHNer7T
β Nikolaus Hoffman (@NikolausHoff) December 2, 2024
Bitcoin in November rose almost 40%, and MicroStrategy bought Bitcoins are worth more than $12 billion. In total, MicroStrategy now holds more than $38 billion worth of bitcoins.
Other companies are now copying the Microstrategy playbook and running them strategy hoarding bitcoin as a strategic reserve asset. Saylor too presented Why Microsoft’s CEO and Board of Directors Should Adopt a Bitcoin Standard Microsoft is the third largest company in the world by market capitalization and is voting on whether or not to add bitcoin to their balance sheet. Crazy!
Publicly traded bitcoin miner MARA is also copying MicroStrategy’s playbook and announced Today, they are raising up to $805 million in debt to buy more bitcoins.
Have you figured it out yet?
This is not going to stop anytime soon. We have officially entered a new era of bitcoin hoarding led by these large corporations. Saylor, MicroStrategy and other companies are hoarding all the coins they can get their hands on. And if they’re sued like MicroStrategy – they’re not for sale. Now there are other big players (BlackRock, Fidelity, ARK, etc.) The amount of demand for Bitcoin today is surreal.
Companies adopting the strategy #Bitcoin Reserve this month:
– Rumble
– House of LQR
– Remixpoint
– Genius Group
– Cosmos health
– Jiva Technologies
– Hot therapy
– Thumzup Media Corp
– Acurx PharmaceuticalsAnd this is just the beginning π pic.twitter.com/6YW7D2DnRn
β Nikolaus Hoffman (@NikolausHoff) November 27, 2024
I think everyone (this post is mainly for new bitcoiners) should follow suit in adopting a personal strategic bitcoin reserve for themselves and their families. I’m not telling or advising anyone to borrow to buy bitcoin, but rather treat it as your primary savings account and enjoy all the benefits of holding bitcoin, especially your private keys.
The plan is simple: buy bitcoin, keep it safe and hold it for the long term. If you sell, you sell directly into the hands of MicroStrategy and the other companies that run this playbook.
This article is a Take it. Opinions expressed are solely those of the author and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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