MicroStrategy just made a big move - shareholders voted to crazily expand the company's stock supply from 330 million shares to 10.3 billion shares.
As soon as this decision was announced, they immediately took action, investing $1.1 billion today to buy 11,000 bitcoins, increasing their total holdings to 461,000.
Based on the current price of bitcoin, the market value of their bitcoin holdings has exceeded $40 billion.
This company is truly insane, continuously buying coins for 7 weeks without interruption, completely indifferent to market fluctuations.
The expansion of the stock supply is mainly to issue more bonds to buy coins. From their operations, this is definitely a long-term layout, aiming to become the largest player in the market.
Currently, the total supply of bitcoin is only 21 million, and they hold 460,000, which is a significant amount.
Recently, the crypto market has been very lively, with old players like MicroStrategy aggressively increasing their holdings, while political giants like Trump are also making moves.
The actions of these big players actually reveal several key signals: First, institutional funds are starting to reposition themselves in the crypto market, and in a more aggressive way; Second, both the political and business sectors are paving the way for the mainstream adoption of cryptocurrencies, which is favorable for the regulatory environment; Third, the position of bitcoin as a hard currency is further strengthened, with large funds scrambling for chips.
If Trump is really elected and introduces favorable policies, along with these large institutions continuously increasing their holdings, the upcoming market changes may exceed many people's expectations.
$BTC
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