MicroStrategy Keeps Stacking Bitcoin as Other Companies Follow Suit
With Michael Saylor's bold Bitcoin strategy proving successful, companies are following his lead and adding BTC to their treasuries.
What’s the Scoop?
- MicroStrategy Adds More BTC: With its latest Bitcoin buys, the company now holds 51,780 BTC, acquired at an average price of $88,627 per Bitcoin.
- Others Are Following: Inspired by MicroStrategy’s success, companies like MARA Holdings, Semler Scientific, and Japan’s Metaplanet are leveraging bonds, convertible notes, and beyond to accumulate BTC.
Bankless Take
Michael Saylor has been one of Bitcoin’s most vocal proponents since MicroStrategy began accumulating BTC in August 2020. With Bitcoin hitting new all-time highs, Saylor’s strategy is paying off big time.
Now, other firms are taking notice and jumping in. While it’s exciting to see more companies embracing BTC, crypto’s volatility can’t be ignored. These holdings could soar or struggle depending on market dynamics. This will certainly be a thread to watch going forward as the corporate BTC race continues to intensify.
This morning:
— Sam Callahan (@samcallah) November 18, 2024
- MicroStrategy buys another 51,780 BTC for $4.6B
- MARA announces $700 million convert to acquire more BTC
- Semler Scientific raises $21mm ATM and acquires 215 BTC
- Metaplanet issues ¥1.75B debt offering to buy more BTC
The corporate Bitcoin race is heating up.