MicroStrategy Buys Another 51,780 Bitcoin: Now Holds A Record-Breaking 331,200 BTC and They Won’t Stop Buying!
MicroStrategy, a global leader in enterprise analytics, continues to make waves in the bitcoin space with its unwavering commitment to Bitcoin. In a ground breaking announcement, the company revealed it now holds a staggering 331,200 BTC, solidifying its position as the largest corporate Bitcoin holder in the world. This strategic move not only demonstrates MicroStrategy’s confidence in Bitcoin as a treasury asset but also highlights the growing trend of institutional adoption.
Pennsylvania Takes a Bold Step: Exploring a Strategic Bitcoin Reserve for State Funds
In a ground breaking move in financial strategy, Pennsylvania has introduced a bill proposing the allocation of a portion of its treasury funds to Bitcoin. This ambitious proposal positions Pennsylvania as a potential leader among U.S. states in adopting Bitcoin as a state reserve asset, marking a forward-thinking approach to safeguarding public funds. If passed, the bill would establish a state-managed Bitcoin reserve, diversifying Pennsylvania's $7 billion Rainy Day Fund and potentially setting a model for other states.
Genius Group Commits to Bitcoin Treasury: 90% Reserves to Be Held in BTC
In a powerful show of confidence in Bitcoin, Genius Group, an AI and education tech company, has announced it will commit 90% of its current and future reserves to Bitcoin, making it a primary pillar of its financial strategy. This bold decision includes an initial acquisition of $120 million in BTC and follows a recent board-level restructuring to bring in leaders with strong crypto backgrounds, signaling a deep commitment to the world of digital assets.
MicroStrategy’s $2 Billion Bitcoin Power Play: 27,200 BTC Added to Their Arsenal
MicroStrategy, the business intelligence giant and premier corporate Bitcoin holder, has again expanded its Bitcoin reserves by a whopping 27,200 BTC, bringing its total stash to 279,420 BTC. This massive purchase, funded by $2 billion raised through at-the-market (ATM) share sales, signals their continued belief in Bitcoin’s potential as a treasury reserve asset and a hedge against inflation. And they aren’t stopping there. MicroStrategy’s ambitious “21/21 Plan” unveiled in their Q3 2024 earnings presentation hints at a transformative financial strategy aiming to raise a colossal $42 billion in capital over the next three years to fuel further Bitcoin acquisitions and corporate expansion.
Trump Elected: Bitcoin Market Pumps 9% as Investors Eye Bitcoin-Friendly Administration
With the announcement of Donald Trump’s election, the bitcoin market surged, sending Bitcoin up 9% on the news. The enthusiasm wasn't limited to Bitcoin alone; MicroStrategy, known for its bullish stance on Bitcoin and 252,000 bitcoin treasury, saw a 12% jump in after-hours trading as investors anticipated renewed momentum for Bitcoin adoption under a Trump-led administration. But why exactly is the Bitcoin community so optimistic, and what role could influential allies like Robert F. Kennedy Jr. play?
Cartwright Leads the Charge: UK Pension Funds Dive into Bitcoin
In a bold and pioneering move, Cartwright, a leading UK pension advisory firm, has broken new ground by advising a pension scheme to allocate 3% of its assets into Bitcoin. This marks a historic first for UK pension funds, and Cartwright is now urging other institutional investors to take note and follow suit.
Semler Scientific: A Strategic Leap into Bitcoin
In a bold move that underscores its forward-thinking ethos, Semler Scientific has recently made headlines by adding Bitcoin to its corporate treasury. The announcement, tucked within its third-quarter 2024 financial results, marks a significant milestone in the company’s financial strategy. But what does this mean for Semler Scientific, its investors, and the broader market?
Canadian Firm Kontrol Technologies Adds Bitcoin to Balance Sheet: Share Price Jumps 26% on the News
In an exciting turn for corporate treasury strategy, Canadian-based Kontrol Technologies has officially announced Bitcoin as the latest addition to its balance sheet. The announcement sparked immediate investor interest, with Kontrol’s stock price jumping 26% following the news.
MicroStrategy’s Bold Bitcoin Plan: A $42 Billion Capital Strategy to Boost BTC Holdings
MicroStrategy continues to redefine corporate Bitcoin investment with its latest announcement: a massive $42 billion capital plan aimed at expanding its Bitcoin treasury and driving value for shareholders. The company, known for pioneering the Bitcoin treasury movement, reported a notable 5.1% "BTC Yield" in Q3 2024 and unveiled its ambitious “21/21 Plan,” a three-year strategy to raise $21 billion through equity offerings and another $21 billion through fixed-income securities.
Florida’s CFO Calls for State Retirement Fund to Consider Bitcoin Investments: A Growing Trend Among States
In a groundbreaking move, Florida's Chief Financial Officer, Jimmy Patronis, has recommended that the Florida State Board of Administration (SBA) explore the potential benefits of investing a portion of the state’s retirement funds into Bitcoin. This decision positions Florida among a growing number of states that are beginning to recognize the potential of digital assets, particularly Bitcoin, in providing portfolio diversification and resilience against economic volatility.
Microsoft Shareholders Shake Things Up with a Bold Proposal for Microsoft to Consider Buying Bitcoin
In an intriguing twist to the corporate world's growing interest in digital assets, Microsoft shareholders are set to vote on a proposal that, if approved, could lead the tech giant to put Bitcoin on its balance sheet. This proposal, initiated as a shareholder resolution, aims to compel Microsoft’s board to consider Bitcoin as a reserve asset. However, Microsoft’s board has recommended that shareholders vote against it, setting the stage for a lively debate on the role of digital assets in corporate America.
Why Businesses Should Consider Adding Bitcoin to Their Balance Sheet
In today’s rapidly evolving financial landscape, businesses are looking for innovative ways to protect their assets and drive growth. One of the most forward-thinking strategies gaining momentum is adding Bitcoin to the corporate balance sheet. Companies like Tesla, MicroStrategy, and Block have already made headlines for their bold moves into Bitcoin, and many other businesses are now exploring how digital assets can provide a strategic edge. But why should your business consider putting Bitcoin on its balance sheet?
How Businesses Can Put Bitcoin on Their Balance Sheet: Exploring Multi-Sig Collaborative Custody, Bitcoin ETFs, and MicroStrategy Shares
As Bitcoin continues to gain traction as a financial asset, more businesses are exploring ways to integrate it into their balance sheets. Whether as a hedge against inflation, a diversification tool, or a strategic long-term investment, adding Bitcoin can provide numerous financial benefits. But for many businesses, the question is: how do you actually put Bitcoin on your balance sheet?
In this post, we explore three primary options for businesses looking to adopt Bitcoin into their financial strategy: multi-signature (multi-sig) collaborative custody, Bitcoin ETFs, and investing in MicroStrategy shares.
The Case for Holding Bitcoin on Your Balance Sheet: Historic Performance vs. Inflation
In recent years, Bitcoin has emerged as a compelling alternative to traditional financial assets for businesses looking to diversify their treasury strategies and protect capital from inflation. Allocating even a small portion—around 10%—of a company’s treasury into Bitcoin could safeguard cash reserves from rising inflation while offering the potential for significant long-term returns.