Today, microstrategy name he bought an additional 15,400 bitcoins for about $1.5 billion. This brings his total holdings to over 400,000 BTC, nearly 2% of the entire bitcoin supply.
MicroStrategy now owns 402,100 # bitcoin worth $38 billion
They now own almost 2% of the total bitcoin supply π€― pic.twitter.com/lbEpHNer7T
– Nikolaus Hoffman (@NikolausHoff) December 2, 2024
In the month of November, bitcoin rose almost 40% while MicroStrategy bought over $12 billion in bitcoin. In total, MicroStrategy now has more than $38 billion in bitcoin.
Other companies are now starting to copy the Microstrategy playbook and run their own technique of accumulating bitcoin as a strategic reserve fund. Saylor even presented to the CEO of Microsoft and the board of directors on why they should adopt the bitcoin standard. Microsoft is the world's third largest company by market cap, and is debating whether to add bitcoin to its balance sheet. crazy!
Publicly traded bitcoin miner MARA is also copying the MicroStrategy playbook and name today they are raising up to $805 million in debt to buy more bitcoin.
Can you still get it?
This is not going to stop anytime soon. We have officially entered a new era of bitcoin hoarding that is driven by these large corporations. Saylor, MicroStrategy, and other companies are going to pick up every available coin they can get their hands on. And if they are as convinced as MicroStrategy – they do not sell. That's not even mentioning the other big players now (BlackRock, Fidelity, ARK, etc.) buying coins for their ETFs. The level of demand for bitcoin today is surreal.
Companies that adopted a strategy #Bitcoin Book this month:
– Rumble
β LQR House
– Remixpoint
– Genius Group
– Cosmos health
– Jiva Technologies
– Hoth Therapeutics
– Thumzup Media Corp
– Acurx PharmaceuticalsAnd this is just the beginning π pic.twitter.com/6YW7D2DnRn
– Nikolaus Hoffman (@NikolausHoff) November 27, 2024
I think everyone (this message is mainly for the newer Bitcoiners) should follow the same in adopting their personal strategic bitcoin reserve themselves and their families. I am not saying or advising anyone to take on debt to buy bitcoin, but accept it as your main savings account and sit back and absorb all the benefits of holding bitcoin – especially in terms of keeping your own private keys.
The plan is simple: buy bitcoin, secure it safely, and hold it for a long time. If you sell, you sell directly into the hands of MicroStrategy and all the other companies that run this playbook.
This article is a Take. The views expressed are entirely those of the author and do not necessarily reflect the views of BTC Inc or Bitcoin Magazine.
