MicroStrategy BTC Holdings Don Reach $77.4B as Bitcoin Pass $120K
MicroStrategy digital asset waka, Strategy Inc., don hold 640,031 BTC wey worth $77.4 billion, wey be 3.2% of all di Bitcoin wey dey circulate. Since early 2024, MicroStrategy don double dia BTC and add 11,085 BTC for the past seven weeks, plus recent one wey dem buy 196 coins. At di current value, their Bitcoin reserves pass market value of banks like BNY Mellon, Barclays and Deutsche Bank and e fit match the GDP of places like Uruguay, Sri Lanka and Slovenia. By compare, El Salvador only get 6,338 BTC. Strategy Inc. BTC treasury dey account for 48% of all corporate Bitcoin reserves and e show say institutional demand dey grow as Bitcoin don jump pass $120,000.
Bullish
Di tori na good: MicroStrategy them dey gather Bitcoin plenty, BTC value don reach record high and institutional demand dey rise show sey Bitcoin get good momentum. Short term, when big company treasury buy plenty Bitcoin, e dey cause price spike because supply tight. Long term, if companies continue adopt Bitcoin and allocate big treasury, e go sustain market strong and make Bitcoin grow, e go boost buyers confidence.