Inclusion in Nasdaq 100

Michael Saylor doesn't mess around, his company, MicroStrategy has been included into the NASDAQ 100, the 100 largest and most liquid non-financial companies listed on the Nasdaq. Because of that inclusion, MicroStrategy has grown 3 % in value on the Nasdaq stock exchange today. So Michael Saylor found it time to release the news that they have bought another 15350 Bitcoin and added it to their strategic reserves. That is a buy of 1.5 billion USD.

439000 Bitcoin

That is the exact amount of BTC holdings MicroStrategy currently has, it sounds incredible but it is true. The average acquisition price of every BTC is 61725 USD per unit, which gives them an unrealized gain of 43500 USD per Bitcoin. Which is a huge profit for a company that has only existed this long. And we all know the acquisitions won't stop here, and the price of Bitcoin will probably not stop at 105000 USD. So, we haven't seen the end of it, to the contrary, we are only at the beginning of this revolution.

Copycats

The last few weeks more and more news has spread about companies that are copying the strategy of MicroStrategy with Bitcoin, but it will probably start to happen with other coins too. Reason is simple, the supply of Bitcoin is just too low for companies to keep on buying Bitcoin at this scale. So they will have to broathen their spectrum to other coins, like Ethereum, Solana, Cardano, Hedera, etc...

These copycat companies are going to fuel the altcoin boom!

The future is very bright for Bitcoin and crypto in general.

Sincerely,

Pele23

Posted Using InLeo Alpha