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MicroStrategy Plans to Acquire 5% of All Bitcoin In Massive Power Play, Claims Max Keiser

The post MicroStrategy Plans to Acquire 5% of All Bitcoin In Massive Power Play, Claims Max Keiser appeared first on Coinpedia Fintech News

MicroStrategy’s aggressive acquisition strategy has set the crypto world abuzz. The company aims to acquire a staggering 5% of all Bitcoins, equivalent to 1,050,000 BTC. Max Keiser, an advisor to El Salvador’s President Nayib Bukele, has spotlighted this ambitious goal, positioning MicroStrategy as a leader in Bitcoin adoption.

Using a collateral seesaw back and forth between stock & debt issuance and buying #Bitcoin $MSTR & @saylor have a clear path to grab 5% of all #Bitcoin in existence, or 1,050,000 BTC in total.

— Max Keiser (@maxkeiser) December 28, 2023

Saylor’s Strategic Vision

Michael Saylor recently invested $615 million in Bitcoin. This move goes beyond just increasing the company’s Bitcoin reserves. It represents a visionary shift in how corporations manage assets and protect against traditional financial uncertainties.

MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR

— Michael Saylor ⚡ (@saylor) December 27, 2023

The Bitcoin Therapist, a respected voice in the crypto community, praises MicroStrategy’s strategy. With the company’s shares currently valued at $670 each, there’s speculation that this could potentially rise to $22.1 million, driven by MicroStrategy’s substantial Bitcoin holdings and market dynamics.

Saylor is absolutely devouring the Bitcoin supply and there’s nothing Wall Street, the SEC or Elizabeth Warren can do to stop it.

Microstrategy is redefining what it means to be a forward looking business.

We are witnessing the greatest strategic move by a company in history.

— The ₿itcoin Therapist (@TheBTCTherapist) December 28, 2023

Also Read: Here’s How MicroStrategy’s Bitcoin Bet Led to a $2 Billion Profit

Beyond Corporate Boundaries

MicroStrategy’s strategy extends beyond corporate implications. Bitcoin advocate Luke Broyles believes this could influence other companies and even countries to see Bitcoin as a vital asset. Such a shift could reshape the global financial system.

Comparing Saylor’s strategy to a strategic game, MicroStrategy’s approach is innovative. By reallocating assets from company stocks to Bitcoin, they are setting a new standard in corporate value creation. This move, while unconventional, could mark a significant change in corporate finance.

Implications for National Economies

On a broader scale, if accounting standards like FASB recognize Bitcoin, it could have widespread effects. Countries might increasingly turn to Bitcoin to strengthen their financial reserves, possibly reducing reliance on traditional fiat currencies.

To conclude, MicroStrategy’s ambitious Bitcoin strategy, supported by Saylor’s vision, is more than just a play on a digital asset. It represents a forward-thinking approach that could reshape the global financial landscape.

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