MicroStrategy $46B Bitcoin Strategy Dey Drive 2,600% Rally
MicroStrategy start dia Bitcoin plan for August 2020 wit $250 million buy for 21,454 BTC. Over five years, under CEO Michael Saylor, di company don spend $46 billion to get 628,791 BTC, making dem di biggest corporate Bitcoin holder. Di stock (ticker MSTR) rise about 2,600%, from less than $15 reach over $395. Di company plan to continue buy Bitcoin to mix their balance sheet. Dis Bitcoin plan success make other companies start to put more money for digital asset, making institutional demand strong. Traders suppose note say as companies de buy steady and adoption spread, e fit support Bitcoin price for short and long time.
Bullish
Di tori dey show say big company dem wan buy plenty Bitcoin, as MicroStrategy still dey gather more. Because dem be di biggest public Bitcoin holder, all di $46 billion wey dem don buy plus dia stock wey rise well show say Bitcoin fine as company treasury asset. Dis thing make oda company dem con follow am, e strong di demand from institution dem. For short run, as companies still dey buy, e fit push Bitcoin price go up. For long run, more public company wey go start to use am fit make market balance well and help make di price still dey go up steady for BTC.