MicroStrategies business Bitcoin treasury strategy is taking off. Public companies are experiencing FOMO in Bitcoin. It’s almost as if Trump’s pro-Bitcoin stance is giving companies the green light to stack BTC.
Yesterday onlyseven publicly traded companies announced that they have purchased or plan to purchase bitcoin for their treasury reserves, with one new company has committed to buying $1 million worth of BTC today. Crazy, right? It feels like at least one to two new companies a day are adopting bitcoin as a backup asset – not to mention all the companies getting bitcoin exposure through the ETFs.
It’s surreal to witness the FOMO of companies adopting a Bitcoin business playbook in real time. I mean, Michael Saylor has been preaching this and leading by example for the last four and a half years, and now that we’re almost at $100,000 in Bitcoin, companies are FOMOing in droves.
Was it the dramatic rise in the price of Bitcoin that catalyzed this rise in more and more companies embracing Bitcoin, Trump’s coming presidency, or are companies finally taking Saylor’s advice seriously after his strategy proved successful? It’s hard to say: it’s probably a mix of all three.
Beyond the borders of the US, other companies are also adopting the MicroStrategy playbook – and reaping the benefits. Metaplanet, a publicly traded Japanese company, has gone from a zombie company to number 29 out of 4,000 listed companies in Japan by trading value since implementing a corporate Bitcoin strategy. Unreal.
Metaplanet ranks 29th out of 4,000 listed companies in Japan by trading value, surpassing much larger market peers such as Itochu and NTT https://t.co/mUgdytMRM6 pic.twitter.com/Xzf66g9o1r
— Simon Gerovich (@gerovich) November 19, 2024
I expect this in the course of next year business Bitcoin adoption will only increase as the price of bitcoin rises and Trump takes office.
“Welcome to the Bitcoin Standard” – Michael Saylor.