Categories: Bitcoin Latest News

Don’t Sell MicroStrategy Your Bitcoin

Follow Nikolaus On 𝕏 Here For Daily Posts

Today, MicroStrategy announced it purchased an additional 15,400 bitcoin for approximately $1.5 billion. This brings its total holdings to over 400,000 BTC, almost 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 🤯 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 owns over $38 billion in bitcoin.

Other companies are now starting to copy the Microstrategy play book and run their strategy of accumulating bitcoin as a strategic reserve asset. Saylor even 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 cap, and is voting on whether or not they should add bitcoin to their balance sheet. Insane!

Publicly traded bitcoin miner MARA is also copying MicroStrategy’s playbook and announced today that they’re raising up to $805 million in debt to buy more bitcoin.

Do you get it yet?

This is not going to stop any time soon. We have officially entered a new era of bitcoin accumulation that is being led by these large corporations. Saylor, MicroStrategy, and other companies are going to scoop up every available coin they can get their hands on. And if they’re as convicted as MicroStrategy is — they’re not selling. That’s not even to mention the other big players now (BlackRock, Fidelity, ARK, etc) buying up coins for their ETFs. The amount of demand for bitcoin today is surreal.

Companies that adopted a Strategic #Bitcoin Reserve this month:

– Rumble
– LQR House
– Remixpoint
– Genius Group
– Cosmos Health
– Jiva Technologies
– Hoth Therapeutics
– Thumzup Media Corp
– Acurx Pharmaceuticals

And this is just the beginning 🚀 pic.twitter.com/6YW7D2DnRn

— Nikolaus Hoffman (@NikolausHoff) November 27, 2024

I think that everyone (this message is mainly for the newer Bitcoiners) should follow suit in adopting their own personal strategic bitcoin reserve for themselves and their families. I’m not saying or advising anyone to take on debt to buy bitcoin, but rather adopt it as your primary savings account and sit back and take in all the benefits of holding bitcoin — especially in regards to holding your own private keys.

The plan is simple: buy bitcoin, secure it safely, and hold it for the long term. If you sell, you will be selling directly into the hands of MicroStrategy and every other company running this playbook.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Read More[#item_full_content]Bitcoin Magazine – Bitcoin News, Articles and Expert Insights

Recent Posts

Analyst Says Bitcoin Price At $100,000 Is A ‘Dangerous Zone’, Predicts Massive Crash

The Bitcoin price recently achieved a monumental milestone, crossing the $100,000 threshold for the first…

2 hours ago

The Joule Paradox: Energy sets the value of bitcoin and bitcoin sets the value of energy

Early in our thinking about the interaction between bitcoin and energy it became obvious to…

6 hours ago

Did Hawk Tuah Crypto Debacle Eclipse Bitcoin’s $100K Moment?

One bitcoin is worth $100,000 — a milestone that has <a href="https://www.coindesk.com/business/2024/12/05/bitcoin-at-100-k-industry-reaction" target="_blank">crypto OGs in…

7 hours ago

Crypto Daybook Americas: It’s Glass Half Full Despite Record Short Bitcoin ETF Volume

By Omkar Godbole (All times ET unless indicated otherwise) You know how it feels when…

10 hours ago

Has Bitcoin Reached Its Cycle Top? Insights From Leading Analysts

Bitcoin experienced extreme volatility yesterday after reaching a new all-time high of $104,088 on Wednesday.…

10 hours ago

Ethereum To Pull A BTC 2021-Like Rally? Analyst Shares Massive Prediction

As Bitcoin finally soars above the long-awaited $100,000 milestone, Ethereum (ETH) attempts to break out…

13 hours ago