There's a fascinating corporate treasury experiment playing out in the US [LINK]. Michael Saylor (Microstrategy) has been acquiring bitcoin for the company's balance sheet at a ridiculous pace. He / they bought all the way through the bear market to the tune of about $5billion, which is now worth around $14billion. It's a strategy that's taken them from a top 2000 company to being on the cusp of entering the S&P 500. Once in, there's a shit ton of unmanaged investment about to flow their way... increasing the stock price, which increases their bitcoin purchase rate, which increases the bitcoin price... and so on and so on.
There's a fascinating corporate treasury experiment playing out in the US [LINK]. Michael Saylor (Microstrategy) has been acquiring bitcoin for the company's balance sheet at a ridiculous pace. He / they bought all the way through the bear market to the tune of about $5billion, which is now worth around $14billion. It's a strategy that's taken them from a top 2000 company to being on the cusp of entering the S&P 500. Once in, there's a shit ton of unmanaged investment about to flow their way... increasing the stock price, which increases their bitcoin purchase rate, which increases the bitcoin price... and so on and so on.