Bitcoin Treasury Adoption Surges: Meet the New MicroStrategies

Credit : bitcoinmagazine.com

MicroStrategies business Bitcoin treasury strategy is taking off. Public corporations are experiencing FOMO in Bitcoin. It is virtually as if Trump’s pro-Bitcoin stance is giving corporations the inexperienced gentle to stack BTC.

Yesterday onlyseven publicly traded corporations introduced they’ve bought or plan to buy bitcoin for his or her treasury reserves, with one new company has dedicated to purchasing $1 million value of BTC right this moment. Loopy, proper? It appears like at the very least one to 2 new corporations a day are taking up bitcoin as a backup asset – to not point out all the businesses getting publicity to bitcoin by way of the ETFs.

It is surreal to witness the FOMO of corporations adopting a Bitcoin enterprise playbook in actual time. I imply, Michael Saylor has been preaching this and main by instance for the final 4 and a half years, and now that we’re virtually at $100,000 in Bitcoin, corporations are participating in FOMO actions in droves.

Was it the dramatic rise within the value of Bitcoin that catalyzed this rise in increasingly more corporations embracing Bitcoin, Trump’s coming presidency, or are corporations lastly taking Saylor’s recommendation critically after his technique proved profitable? It is onerous to say: it is most likely a mixture of all three.

Past the borders of the US, different corporations are additionally adopting the MicroStrategy playbook – and reaping the advantages. Metaplanet, a publicly traded Japanese firm, has gone from a zombie firm to quantity 29 out of 4,000 listed corporations in Japan by buying and selling worth since implementing a company Bitcoin technique. Unreal.

Metaplanet ranks twenty ninth out of 4,000 listed corporations in Japan by buying and selling worth, surpassing a lot bigger market friends reminiscent of Itochu and NTT https://t.co/mUgdytMRM6 pic.twitter.com/Xzf66g9o1r

— Simon Gerovich (@gerovich) November 19, 2024

I anticipate this in the midst of subsequent yr adoption of Bitcoin by companies will solely improve as the worth of bitcoin rises and Trump takes workplace.

“Welcome to the Bitcoin Customary” – Michael Saylor.