Major

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/microstrategy-plans-major-bitcoin-buy" data-wpel-link="internal" rel="noopener noreferrer nofollow">MicroStrategy Plans Major Bitcoin Buy</a><br></p>
<p style="text-align: justify">Today, companies shared their latest earnings reports, resulting in an unexpected surge in <a href="https://en.bitcoinhaber.net/bitcoin-rises-as-usd-weakens" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price, which reached $72,500. This rise aligns with financial disclosures from major cryptocurrency firms like Robinhood, Coinbase, and MicroStrategy. What strategies are these companies adopting regarding Bitcoin?</p>
<h2 id="what-is-microstrategy-s-bitcoin-acquisition-goal">What is MicroStrategy’s Bitcoin Acquisition Goal?</h2>
<p style="text-align: justify">MicroStrategy announced earnings of $116.1 million for the previous quarter, falling short of the $122.5 million anticipated by market observers. Despite this, the increase in Bitcoin’s value has significantly enhanced the company’s balance sheet, highlighting their ambitious goal to accumulate $42 billion worth of Bitcoin over the next three years.</p>
<h2 id="how-will-the-funds-be-utilized">How Will the Funds Be Utilized?</h2>
<p style="text-align: justify">The planned $42 billion will primarily be invested in Bitcoin purchases, with some funds allocated to operational needs, reflecting previous strategies involving bond sales. This sets the stage for several critical outcomes.</p>
<ul style="text-align: justify">
 <li>Shares of MSTR are predicted to see a considerable increase.</li>
 <li>The plan to acquire $42 billion in Bitcoin could create scarcity, especially with potential demand spikes from the ETF market.</li>
 <li>The company has indicated that it will hold onto its Bitcoin without selling for at least three years.</li>
</ul>
<p style="text-align: justify">In addition, Robinhood reported $61 million in cryptocurrency revenue for the last quarter, which fell short of the $71.8 million forecast, primarily due to decreased trading activity. Likewise, Coinbase’s revenue reached $1.13 billion, lower than the expected $1.25 billion.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/microstrategy-plans-major-bitcoin-buy" data-wpel-link="internal" rel="noopener noreferrer nofollow">MicroStrategy Plans Major Bitcoin Buy</a></h5>

MicroStrategy Plans Major Bitcoin Buy

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