Today, MicroStrategy announced purchased an additional 15,400 bitcoins for approximately $1.5 billion. This brings their total holdings to over 400,000 BTC, almost 2% of the entire bitcoin supply.
MicroStrategy now owns 402,100 #bitcoin valued at 38 billion dollars
They now own almost 2% of the total bitcoin supply 🤯 pic.twitter.com/lbEpHNer7T
—Nikolaus Hoffman (@NikolausHoff) December 2, 2024
In the month of November, bitcoin pink almost 40%, while MicroStrategy bought more than 12 billion dollars in bitcoins. In total, MicroStrategy now owns more than $38 billion worth of bitcoins.
Other companies are starting to copy the Microstrategy playbook and run their strategy of accumulating bitcoin as a strategic reserve asset. Even Taylor presented to Microsoft’s CEO and board of directors on why they 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 its balance sheet. Crazy!
MARA, the publicly traded bitcoin miner, is also copying MicroStrategy’s playbook and announced Today they are raising up to $805 million in debt to buy more bitcoins.
Do you still have it?
This won’t stop anytime soon. We have officially entered a new era of bitcoin accumulation led by these large corporations. Saylor, MicroStrategy and other companies will collect all the available coins they can get their hands on. And if they are as convinced as MicroStrategy is, they are not selling. That’s not to mention the other big players now (BlackRock, Fidelity, ARK, etc.) buying coins for their ETFs. The amount of demand for bitcoins today is surreal.
Companies that adopted a strategy #Bitcoin Book this month:
– Rumble
– LQR House
– Remix point
– Genius Group
– Cosmos health
– Jiva Technologies
– Hoth Therapeutics
-Thumzup Media Corp.
– Acurx PharmaceuticalsAnd this is just the beginning 🚀 pic.twitter.com/6YW7D2DnRn
—Nikolaus Hoffman (@NikolausHoff) November 27, 2024
I think everyone (this message is mainly for newer Bitcoiners) should do the same and adopt their own personal strategic stash of bitcoins for themselves and their families. I am not saying or advising anyone to go into debt to buy bitcoins, but rather adopt it as your primary savings account and sit back and enjoy all the benefits of owning bitcoins, especially when it comes to having your own private keys.
The plan is simple: buy bitcoins, protect them safely, and hold them for the long term. If you sell, you will be selling directly to MicroStrategy and all other companies that run this manual.
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
