Blockchain Bites: MicroStrategy’s Macro Strategy for Bitcoin Treasuries
Bitcoin is being hoovered up faster than it's mined, as Guggenheim predicts increased institutional inflows and Ruffer takes profits.
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Bitcoin and Ethereum corporate treasuries have seen fresh growth this week as both Strategy and BitMine have announced new acquisitions. Strategy & BitMine Have Both Added To Their Treasury Reserves Strategy and BitMine, the largest Bitcoin and Ethereum treasury companies, respectively, have just revealed new purchases. The former’s announcement comes through a routine Monday X […]
The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million. The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries.The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042 BTC holdings to nearly $5.3 billion. That comes out to be higher than what 80% of non-financial S&P 500 companies hold in their cash coffers, as per data compiled by Bloomberg.Cash spending up among....
MicroStrategy’s approach has got the Association of Corporate Treasurers and IKEA thinking.
MicroStrategy’s Michael Saylor is known for his unorthodox and bold investing style, which often attracts criticism. His Bitcoin focused strategy and buying the top digital asset at near-highs have their fair share of critics. But recent developments tell us that Bitcoin’s bullish sentiment has been right after all, well, at least for today. Related Reading: […]
Bitcoin is making headlines again, and for all the right reasons. From Saylor’s Strategy to Asia’s Metaplanet, Bitcoin treasuries are proliferating. At the same time, analysts predict new all-time highs could be mere weeks away. And now, BTC Bull token offers a high-octane way to ride the momentum. Bitcoin Treasuries Stack Coins Amid Hyperbitcoinization Buzz […]