{"id":87940,"date":"2024-12-03T01:31:53","date_gmt":"2024-12-03T01:31:53","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2024\/12\/03\/dont-sell-microstrategy-your-bitcoin\/"},"modified":"2024-12-03T01:31:53","modified_gmt":"2024-12-03T01:31:53","slug":"dont-sell-microstrategy-your-bitcoin","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2024\/12\/03\/dont-sell-microstrategy-your-bitcoin\/","title":{"rendered":"Don\u2019t Sell MicroStrategy Your Bitcoin"},"content":{"rendered":"


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Follow Nikolaus On &Xopf; Here For Daily Posts<\/a><\/p>\n<\/figcaption><\/figure>\n

Today, MicroStrategy announced<\/a> 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.<\/p>\n

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MicroStrategy now owns 402,100 #bitcoin<\/a> worth $38 BILLION<\/p>\n

They now own almost 2% of the total bitcoin supply \ud83e\udd2f pic.twitter.com\/lbEpHNer7T<\/a><\/p>\n

— Nikolaus Hoffman (@NikolausHoff) December 2, 2024<\/a><\/p><\/blockquote>\n

In the month of November, bitcoin rose<\/a> almost 40% while MicroStrategy bought<\/a> over $12 billion in bitcoin. In total, MicroStrategy now owns over $38 billion in bitcoin.<\/p>\n

Other companies are now starting to copy the Microstrategy play book and run their strategy<\/a> of accumulating bitcoin as a strategic reserve asset. Saylor even presented<\/a> to Microsoft\u2019s 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!<\/p>\n

Publicly traded bitcoin miner MARA is also copying MicroStrategy\u2019s playbook and announced<\/a> today that they\u2019re raising up to $805 million in debt to buy more bitcoin.<\/p>\n

Do you get it yet?<\/p>\n

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\u2019re as convicted as MicroStrategy is \u2014 they\u2019re not selling. That\u2019s 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. <\/p>\n

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Companies that adopted a Strategic #Bitcoin<\/a> Reserve this month:<\/p>\n

– Rumble
– LQR House
– Remixpoint
– Genius Group
– Cosmos Health
– Jiva Technologies
– Hoth Therapeutics
– Thumzup Media Corp
– Acurx Pharmaceuticals<\/p>\n

And this is just the beginning \ud83d\ude80 pic.twitter.com\/6YW7D2DnRn<\/a><\/p>\n

— Nikolaus Hoffman (@NikolausHoff) November 27, 2024<\/a><\/p><\/blockquote>\n

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\u2019m 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 \u2014 especially in regards to holding your own private keys.<\/p>\n

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. <\/p>\n

This article is a <\/em>Take<\/em><\/a>. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.<\/em><\/p>\n