MicroStrategy (NASDAQ:MSTR) only decreased A cool $1.1 billion for 11,000 Bitcoin (BTC-USD) at an average price of $101,191 per coin. This latest move came right as Donald Trump entered his second term as President of the United States, bringing the company’s total holding to 461,000 Bitcoin, worth $48 billion. The Tysons Corner-based company, led by Bitcoin founder Michael Saylor, has pumped $29.3 billion into BTC at an average price of $63,610. And this is just a warm-up: Saylor’s 21/21 plan aims to increase MicroStrategy’s Bitcoin reserves to a $100 billion valuation by 2028.
MicroStrategy’s bold play sparks a ripple effect. Canadian video sharing platform Rumble only to make The first batch of Bitcoin, reportedly invested up to $20 million to protect against inflation. Meanwhile, AI disruptor Genius Group isn’t sitting on the sidelines either, as it has increased its holdings to 420 Bitcoin, worth $40 million, with plans to raise an additional $50 million for future purchases. Even Bitcoin miners like Marathon Digital and Riot Platforms ( NASDAQ:RIOT ) are expanding their cryptocurrency reserves, following MicroStrategy’s lead. The message is clear: Bitcoin is not just a speculative asset, it has become a core asset for businesses.
To make matters worse, Trump-backed World Liberty Financial joined the frenzy with a $47 million purchase of Wrapped Bitcoin (WBTC), signaling broader acceptance under the new administration. Bitcoin’s price is now hovering at $105,044, just below its all-time high of $108,786. With companies hoarding Bitcoin as if it were going out of fashion, and MicroStrategy leading the charge, Bitcoin’s evolution from niche investment to institutional mainstay seems inevitable. Investors, take note: The corporate Bitcoin race is on and heating up fast.
This article first appeared on Gorovox.
