MicroStrategy (NASDAQ:MSTR) just dropped a cool $1.1 billion to scoop up 11,000 Bitcoin (BTC-USD) at an average price of $101,191 per coin. This latest movetimed right as Donald Trump stepped into his second stint as U.S. Presidentbrings the company’s total stash to a jaw-dropping 461,000 BTC, valued at $48 billion. The Tysons Corner-based firm, led by Bitcoin bull Michael Saylor, has now poured $29.3 billion into BTC at an average price of $63,610. And this is just the warm-up: Saylor’s 21/21 plan aims to balloon MicroStrategy’s Bitcoin reserves to a $100 billion valuation by 2028.
MicroStrategy’s bold play is sparking a ripple effect. Canadian video-sharing platform Rumble just made its first Bitcoin splash, reportedly investing up to $20 million to safeguard against inflation. Meanwhile, AI disruptor Genius Group isn’t sitting on the sidelines eitherhaving upped its holdings to 420 BTC, worth $40 million, with plans to raise $50 million more for future buys. Even Bitcoin miners like Marathon Digital and Riot Platforms (NASDAQ:RIOT) are scaling their crypto reserves, following MicroStrategy’s lead. The message is clear: Bitcoin isn’t just a speculative assetit’s becoming a corporate essential.
Adding fuel to the fire, 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, now hovering at $105,044, is only a shade below its all-time high of $108,786. With corporations stacking BTC like it’s going out of style, and MicroStrategy spearheading the charge, Bitcoin’s evolution from niche investment to institutional mainstay looks inevitable. Investors, take note: the corporate Bitcoin race is onand it’s heating up fast.
This article first appeared on GuruFocus.
