Companies in two capital markets are said to be in talks to implement Microstrategy's Bitcoin business model
More companies are looking to adopt Microstrategy's Bitcoin Buying Strategy
As cryptocurrencies become institutionalized, many companies look to add bitcoin to their reserves and make it a key tool in their operational plans. David Bailey, CEO of Bitcoin Magazine and the Trump campaign's cryptocurrency aide, has confirmed companies in two foreign countries are interested in implementing this new business model developed by Michael Saylor and Microstrategy in the US pioneered
This therefore allows Microstrategy and companies adopting this business model to become proxies for bitcoin, allowing shareholders to indirectly bet on bitcoin. Microstrategy holds 214,400 BTC as of April 26, 2024.
Other companies have followed Saylor's playbook. Metaplanet, a Tokyo-listed public company, recently revealed plans to use bitcoin as a reserve asset to hedge against weakness in the Japanese Yen. Since April, Metaplanet has acquired 117.72 BTC and has approved a new purchase worth 250 million yen (about $1.6 million) BTC
