MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR https://t.co/SaWLNBVkrl
Ahh collapse ๐ collapsing to a high that was made in 2024 is not collapsing. Itโs called correction or retracement and every time it happens people like you come out and say โbitcoin is deadโ and โbitcoin to zeroโ or my fav one โitโs just a bubbleโ. I thought you were a chief Economist.
Itโs fine to be Anti-Bitcoin and innovation but people
Will appreciate you better if youโre unbiased.
#MicroStrategy $MSTR is expected to be added to the NASDAQ-100 index on Dec 23, 2024. This marks a significant milestone for the company, which is known for its large #Bitcoin holdings and commitment to #cryptocurrency investments.
Does this push companies to invest in Bitcoin?๐ค
While MicroStrategy's inclusion in the NASDAQ-100 does not directly push other companies to invest in Bitcoin, it can have some indirect effects. Here's why:
1) Increased Visibility and Legitimacy: As part of the NASDAQ-100, MicroStrategy will be seen as a more prominent company, which could lead to greater attention from institutional investors, analysts, and the broader market. This can validate the company's strategy of holding Bitcoin as a treasury asset, which might encourage others to consider similar moves, especially if Bitcoin continues to perform well.
2) Corporate Bitcoin Strategy Model: MicroStrategy's strategy of using Bitcoin as a treasury reserve asset has already been followed by several other companies, including Tesla and Block (formerly Square). The inclusion in the NASDAQ-100 may further cement this as a legitimate corporate strategy. It signals that Bitcoin is not just for speculative investors but could also have a place in the corporate balance sheets of large, publicly-traded companies.
3) Investor Influence: Companies included in the NASDAQ-100 are closely followed by large institutional investors, ETFs, and index funds. MicroStrategy's membership may attract institutional interest in Bitcoin-related assets, which in turn could influence other companies to explore Bitcoin as a treasury asset. Many investors may see exposure to MicroStrategy as a way to gain indirect exposure to Bitcoin, since the company holds a significant amount of it.
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#Airdrop Alert ๐ช๐ฐ
if you faded #Hyperliquid , you cant fade #avantis on #base.
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