MicroStrategy’s corporate Bitcoin treasury strategy is taking off. Public corporations are FOMO’ing into bitcoin. It’s virtually as if Trump’s pro-Bitcoin stance is giving corporations the inexperienced mild to stack BTC.
Yesterday alone, seven public corporations introduced that they’ve purchased or plan to purchase bitcoin for his or her treasury reserves, with one new company committing to buying $1 million in BTC as we speak. Loopy, proper? It has felt like a minimal of 1 to 2 new corporations a day are adopting bitcoin as a reserve asset — to not point out all the businesses getting bitcoin publicity by way of the ETFs.
It’s surreal to witness the FOMO from corporations adopting a company Bitcoin playbook in actual time. I imply, Michael Saylor has been preaching this and main by instance for the final 4 and a half years, and now that we’re virtually at $100,000 bitcoin, corporations are FOMOing in en masse.
Was it the dramatic improve in bitcoin’s value that catalyzed this surge in increasingly more corporations adopting Bitcoin, the incoming Trump presidency, or are corporations lastly taking Saylor’s recommendation critically after his technique has confirmed to achieve success? It’s exhausting to inform — it’s in all probability a mixture of all three.
Past the borders of the U.S., different corporations are additionally adopting the MicroStrategy playbook — and reaping the advantages of it. Metaplanet, a publicly-traded Japanese firm, went from a zombie firm to ranked #29 out of 4,000 listed corporations in Japan by buying and selling worth since adopting a company Bitcoin technique. Unreal.
Metaplanet ranked #29 out of 4,000 listed corporations in Japan by buying and selling worth, surpassing a lot bigger market friends akin to Itochu and NTT https://t.co/mUgdytMRM6 pic.twitter.com/Xzf66g9o1r
— Simon Gerovich (@gerovich) November 19, 2024
Over the course of the following yr I’m anticipating this corporate Bitcoin adoption to solely improve as the worth of bitcoin rises and Trump takes workplace.
“Welcome to the Bitcoin Normal” — Michael Saylor.