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    Home»Bitcoin News»Don’t Sell MicroStrategy Your Bitcoin
    Bitcoin News

    Don’t Sell MicroStrategy Your Bitcoin

    Team_SimonCryptoBy Team_SimonCryptoDecember 2, 2024No Comments3 Mins Read
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    Follow Nikolaus On 𝕏 Here For Daily Posts

    As we speak, MicroStrategy announced it bought an extra 15,400 bitcoin for about $1.5 billion. This brings its complete holdings to over 400,000 BTC, nearly 2% of your entire bitcoin provide.

    MicroStrategy now owns 402,100 #bitcoin price $38 BILLION

    They now personal nearly 2% of the entire bitcoin provide 🤯 pic.twitter.com/lbEpHNer7T

    — Nikolaus Hoffman (@NikolausHoff) December 2, 2024

    Within the month of November, bitcoin rose nearly 40% whereas MicroStrategy bought over $12 billion in bitcoin. In complete, MicroStrategy now owns over $38 billion in bitcoin.

    Different firms at the moment are beginning to copy the Microstrategy play e book and run their strategy of accumulating bitcoin as a strategic reserve asset. Saylor even presented to Microsoft’s CEO and board of administrators on why they need to undertake a bitcoin commonplace. Microsoft is the third largest firm on the earth by market cap, and is voting on whether or not or not they need to add bitcoin to their stability sheet. Insane!

    Publicly traded bitcoin miner MARA can also be copying MicroStrategy’s playbook and announced immediately that they’re elevating as much as $805 million in debt to purchase extra bitcoin.

    Do you get it but?

    This isn’t going to cease any time quickly. We’ve formally entered a brand new period of bitcoin accumulation that’s being led by these massive firms. Saylor, MicroStrategy, and different firms are going to scoop up each accessible coin they will get their arms on. And in the event that they’re as convicted as MicroStrategy is — they’re not promoting. That’s not even to say the opposite massive gamers now (BlackRock, Constancy, ARK, and so forth) shopping for up cash for his or her ETFs. The quantity of demand for bitcoin immediately is surreal.

    Firms that adopted a Strategic #Bitcoin Reserve this month:

    – Rumble
    – LQR Home
    – Remixpoint
    – Genius Group
    – Cosmos Well being
    – Jiva Applied sciences
    – Hoth Therapeutics
    – Thumzup Media Corp
    – Acurx Prescription drugs

    And that is just the start 🚀 pic.twitter.com/6YW7D2DnRn

    — Nikolaus Hoffman (@NikolausHoff) November 27, 2024

    I believe that everybody (this message is principally for the newer Bitcoiners) ought to comply with go well with in adopting their very own private strategic bitcoin reserve for themselves and their households. I’m not saying or advising anybody to tackle debt to purchase bitcoin, however somewhat undertake it as your main financial savings account and sit again and absorb all the advantages of holding bitcoin — particularly with reference to holding your personal non-public keys.

    The plan is easy: purchase bitcoin, safe it safely, and maintain it for the long run. In the event you promote, you may be promoting straight into the arms of MicroStrategy and each different firm operating this playbook.

    This text is a Take. Opinions expressed are fully the creator’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.





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