MicroStrategy acquired $1.5 billion in Bitcoin, adding 15,400 bitcoins to its holdings, totaling 402,100 BTC. This increases the company's share to nearly 2% of Bitcoin's capped supply. Marathon Digital Holdings plans to raise $700 million for Bitcoin purchases and other initiatives.
This trend follows MicroStrategy's $12 billion Bitcoin purchase in November and showcases its role as the largest corporate Bitcoin holder. Despite slight stock price drops, MicroStrategy's year-to-date gains have surged significantly, aligning with Bitcoin's performance.
MicroStrategy's CEO has encouraged other companies, like Microsoft, to consider Bitcoin as a treasury asset, despite Microsoft's board urging against such investment proposals. Public companies' interest in Bitcoin reflects a bullish sentiment towards its future value.
Entrepreneur Thomas Less expressed confidence on CNBC about Bitcoin's price reaching $100,000, anticipating a significant surge. Additionally, Marathon's $700 million convertible notes offering highlights its commitment to Bitcoin acquisitions and capital structure optimization.
These strategic moves by public companies underscore their bullish outlook on Bitcoin's potential as a valuable asset, with Pantera Capital forecasting a future Bitcoin price of $740,000 by 2028.
