#SaylorBTCPurchase
Yesterday we talked about MetaPlanet purchasing 330 new Bitcoin, and today media outlets reported a similar purchase by the American company MicroStrategy. What does this mean, and why are global companies competing to acquire more Bitcoin? This is what we will clarify below:
- Hedge against inflation: Bitcoin is seen as a safer haven for companies than cash.
- General strategy: MicroStrategy has made Bitcoin a core reserve asset, as has the Japanese company MetaPlanet, as we previously mentioned.
- Long-term bet: Business owners believe that Bitcoin will continue to rise due to its scarcity, with only 21 million pieces available, making its adoption as "digital gold".
It is noted that such acquisitions significantly enhance institutional confidence in Bitcoin and encourage other companies to do the same.
