Hey there! It seems like MicroStrategy, a leading business intelligence firm, has been on quite the Bitcoin shopping spree recently. According to their latest acquisitions, they’ve bought more BTC in November and December of this year than they did during the 2021 bull market. Their most significant purchase came on November 24th when they bought a whopping 55,500 BTC at around $97,000 per coin!
This is quite impressive considering their previous record purchase of 29,646 BTC back in December 2020. Not only has MicroStrategy’s Bitcoin shopping spree caught people’s attention, but it’s also inspired other companies to follow suit. Many believe that this move by MicroStrategy could potentially pull institutional capital and liquidity from the stock market into the Bitcoin market, which could lead to even higher prices for Bitcoin in the future.
In addition to their impressive Bitcoin acquisitions, MicroStrategy will also be joining the Nasdaq 100 stock market index on December 23rd, 2024. This means that stock investors will now have exposure to Bitcoin through their investment in MicroStrategy shares. To prepare for this move, MicroStrategy recently added several new executives to their board of directors, including former Binance.US CEO Brian Brooks and others with extensive experience in finance and technology.
Overall, it seems like MicroStrategy is betting big on Bitcoin and its potential to disrupt traditional finance. With their continued purchases of BTC and upcoming inclusion in the Nasdaq 100 index, it will be interesting to see how this story unfolds in the coming years.
Source
As per reported by cointelegraph.com
