Jacobi Asset Management’s Post

How can businesses retain purchasing power? National insurance ⬆️ Energy prices ⬆️ Business insurance ⬆️ Wages ⬆️ Supplier expenses ⬆️ Interest rates ⬆️ Rent ⬆️ Cash in the bank ☠️ Is an allocation of company balance sheet to Bitcoin a way of hedging against the costs of running a business?

MicroStrategy, led by Michael Saylor, boosts Bitcoin holdings to 331,200 BTC worth $30B, surpassing US Bitcoin ETFs and reshaping corporate treasury norms. A November 18 filing with the US Securities and Exchange Commission (SEC) revealed that Michael Saylor’s MicroStrategy had completed its most enormous Bitcoin buy, purchasing 51,780 BTC for $4.6 billion at an average […] #Crypto #Bitcoin #MichaelSaylor

Peter Schiff Warns Saylor Over $623M Bitcoin Bet Peter Schiff has clashed with Michael Saylor, CEO of MicroStrategy, over the company’s recent acquisition of more Bitcoins. Peter Schiff, a well-known gold investor and skeptic of cryptocurrencies, has openly voiced his disapproval of Michael Saylor, the Chief Executive Officer of MicroStrategy, following the company’s most recent acquisition of Bitcoin. Saylor reported that MicroStrategy acquired an additional 9,245 bitcoins (BTC) for around $623 million. As a result of this acquisition, the total amount of bitcoin that the corporation possesses has […] Peter Schiff Warns Saylor Over $623M Bitcoin Bet #Bitcoin #MichaelSaylor #MicroStrategy

MicroStrategy Acquires More Bitcoin Above the $100K Mark! The company just purchased 15,350 BTC for $1.5 billion, pushing its total holdings to a staggering 439,000 BTC—worth $27.1 billion. Key takeaways: ➡ This is the first time MicroStrategy paid over $100,000 per Bitcoin. ➡ Its Bitcoin Yield hit 46.4% QTD and 72.4% YTD, showcasing the strategy’s success. ➡ The purchase was funded through equity sales, not traditional debt. Michael Saylor’s vision of Bitcoin as a “digital capital asset” continues to shape MicroStrategy’s bold strategy. Do you see this as a pioneering move or a risky bet? #Bitcoin #Crypto #MicroStrategy #Blockchain https://lnkd.in/dni5gkBf

MicroStrategy (MSTR) is poised to take over the #1 spot over Grayscale Bitcoin ETF, in terms of who owns the largest treasure trove of Bitcoin. Its valuable to understand the material if not huge difference between these two enterprises. Bitcoin ETF's such as Gretyscale Bitcoin ETF (GBTC) simply take your fiat money and buy bitcoin. When you sell your ETF shares, they are chartered to sell the quantitative equivalent of Bitcoin to match your sale. Therefor their Bitcoin holdings are directed by shareholders rather exclusively. Now let's take Michael Salyor, CEO and visionary at MicroStrategy. He views Bitcoin as the de facto store of real value, in particular a hedge against inflation. This hedge theory of his goes well beyond the Government-reported inflation rate. It speaks to mathematics more purely. Bitcoin is finite at 21 million units. People lose Bitcoin by not remembering their passwords or by not having a succession plan - hiding it away secretly. Fiat currency, however is printed at will and always expands as Nations seek to spend more, refi their debt over and over again. There is a word for this, but I shall not use it. MicroStrategy is a net buyer of Bitcoin. In strategic waves, Saylor floats notes at the lowest interest rate he can muster and uses the net proceeds to buy more bitcoin. This makes MicroStrategy an entirely different animal. #Bitcoin #Inflation #FiatCurrency #ETF #Hedge

💥 "MicroStrategy Goes All In: 331,200 Bitcoins and Counting! 🚀" The corporate crypto craze is real! MicroStrategy has added even more BTC to its stash, now holding a jaw-dropping 331,200 bitcoins. What’s their endgame? And what does this mean for the future of crypto investments? 🤔💰 👉 "Find out why this move is shaking up the market!" #Bitcoin #CryptoInvesting #MicroStrategy #btcnews https://lnkd.in/d-pRGxTW

Marathon Digital Prepares for $850 Million of Bitcoin Purchase, $125,000 BTC Ahead? Bitcoin miner Marathon Digital (NASDAQ: MARA) has recently completed its $850 million convertible note offering at 0% interest, the proceeds of which shall go for additional Bitcoin purchases. The announcement comes just when BTC’s price smashed past the $100K milestone earlier today hitting a new all-time high. Speculations have started pouring in for BTC price to hit $125,000 by the year-end as part of the Christmas rally. https://lnkd.in/edzdEzct #cryptonews #crypto #cryptocurrency #bitcoin #bitcoinnews

The World’s Largest Corporate Holders of Bitcoin While #Tesla is the most familiar name across the world’s largest corporate buyers, several companies have amassed far more #bitcoin—leading their share prices to skyrocket in value last year. At the same time, the vast majority are found in North America, with the exception of Nexon, a Japanese-based video game publisher. This graphic shows the public companies that own the most bitcoin, based on data from CoinGecko. #MicroStrategy at the Top As the world’s largest corporate owner of bitcoin, MicroStrategy holds 174,530 bitcoin valued at an estimated $9.1 billion as of February 22, 2024. Headquartered in Virginia, the intelligence #software firm first began buying bitcoin in 2020 and has since grown its holdings to become roughly 10 times bigger than the next highest corporate owner. MicroStrategy shares soared over 350% in 2023 thanks to its scale of bitcoin holdings. Tesla is the fourth-largest owner on the list, with bitcoin holdings worth $546.7 million. In 2021, the company announced that it bought $1.5 billion in bitcoin to help boost the company’s bottom line. It also served as a way to provide liquidity to customers who could buy its products with the #cryptocurrency. Yet the following year, the company sold a large share of its holdings at a steep loss during the #crypto crash. Two Canadian companies, Hut 8 and Hive #Blockchain, are top holders of bitcoin. These cryptocurrency mining companies have seen their shares surge over 191% and 144%, respectively. With even stronger returns, bitcoin miner CleanSpark saw its shares boom over 425% in 2023. This year, the company announced plans to purchase four new facilities for mining bitcoin. Three of these are located in Mississippi, purchased for a total of $19.8 million. As bitcoin climbs to fresh record highs, corporate interest in bitcoin may continue to increase in tandem with a wider scope of buyers. Newly regulated spot bitcoin ETFs have also fueled demand, leading bitcoin’s market cap to hit $1 trillion for the first time since 2021… https://lnkd.in/gPV8gSsf #investing #markets #finance

MicroStrategy now holds a massive 226,500 BTC, worth about $8.3 billion, as reported in their latest earnings. They continue to bet big on Bitcoin despite mixed results in their core business. Get all of the details here ➡️ https://lnkd.in/etxEv3R5 @CoinChapter #Bitcoin #MicroStrategy #Crypto #bitcoin #cryptocurrency #blockchain #ethereum #btc #forex #trading #money #cryptonews #cryptotrading #bitcoinmining #investing #investment #invest #binance #forextrader #bitcointrading #trader

MicroStrategy’s Bold Bitcoin Strategy: Holdings valued at $40 billion MicroStrategy’s Bitcoin Acquisition: The company added 15,400 BTC, bringing its total holdings to 402,100 BTC, valued at $40 billion. Bitcoin Exchange Supply Decline: The exchange supply ratio dropped to 0.13%, the lowest since February 2018, indicating a shift toward long-term holding. U.S. Government Bitcoin Transfers: $1.92 billion worth of Bitcoin was moved to an exchange, with 183,850 BTC still retained in government-controlled wallets. Bitcoin Price Volatility: BTC experienced significant price swings, falling below $91,000 before rebounding to nearly $99,000, only to retrace below $95,000. XRP’s Surge: XRP outperformed the market, surging 22% in a day to reach $2.87, briefly becoming […] https://lnkd.in/g-6BduMR