As a seasoned crypto investor with a decade of experience under my belt, I must say that watching the Bitcoin market is like a rollercoaster ride without seatbelts – thrilling, unpredictable, and occasionally nerve-wracking! The news about MicroStrategy’s $20 billion Bitcoin stash crossing over is nothing short of astonishing. It’s a testament to Michael Saylor’s bold strategy and the potential that Bitcoin holds.
The digital assets held by business intelligence company MicroStrategy have surpassed a value of $20 billion, with the surge being attributed to Bitcoin’s price soaring past $80,000.
The current value of MicroStrategy’s 252,200 Bitcoins stands at approximately $20.54 billion, marking a significant increase of over 104% on their Bitcoin investment strategy, as indicated by the “Saylor Tracker,” a term derived from the company’s executive chairman, Michael Saylor.
According to Bitcoin Treasuries data, the Bitcoin accumulation company has purchased Bitcoin on forty-two separate occasions, with an average price per coin of approximately $39,292 each time.
Microsft Strategy continues to be the corporation with the most significant Bitcoin holdings, significantly surpassing other holders like Marathon Digital and Riot Platforms. The latter two companies possess approximately $2.1 billion and $840 million in Bitcoin, respectively.
MicroStrategy aims to gather an enormous $42 billion within the next three years, intending to further accumulate Bitcoin as part of their “21/21” strategy. This strategy involves acquiring $21 billion in equity and another $21 billion through issuing fixed-income securities.
Bitcoin is currently priced at $81,617, an all-time high, according to CoinGecko.
The pump has also benefitted other major Bitcoin holders.
As a proud crypto investor, I’m thrilled to share that my Bitcoin investments in the tiny Himalayan kingdom of Bhutan have surpassed the $1 billion mark, as reported by the esteemed blockchain analytics firm, Arkham Intelligence.
As a researcher, I find myself observing an intriguing development in Bhutan. The nation appears to be establishing a substantial Bitcoin mining infrastructure, hinting at a strategic approach towards this digital currency. It seems they might be viewing Bitcoin as a potential component of their monetary reserves.
32% of the nation’s total GDP, which was $3.15 billion as of October 2024, is attributed to Bitcoin holdings, as reported by the International Monetary Fund.
At the same time, El Salvador is experiencing benefits from its approach to Bitcoin investments. Currently, its Bitcoin holdings valued at approximately $482 million, as per Drop Stab’s data.
The Central American nation has seen a significant return on its Bitcoin investment, currently sitting on approximately $214 million in potential profits, as the value of their holdings has increased by around 80%.
But it hasn’t always been smooth sailing.
In the two months leading up to Bitcoin’s peak during the 2020-2021 cycle, El Salvador initiated its Bitcoin investment strategy. However, as the overall market declined in 2022, this move was met with extensive criticism from various media outlets.
Each day, the nation under the leadership of Nayib Bukele is consistently investing in Bitcoin through a process known as dollar-cost-averaging, where they purchase one Bitcoin daily.
El Salvador is not only accumulating Bitcoin but also through its passport program and earnings from its Bitcoin mining operation powered by volcanoes.
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2024-11-11 05:09