MicroStrategy's Bitcoin Acquisition Highlights Growing Trend

According to Odaily, since initiating its Bitcoin acquisition strategy in 2020, MicroStrategy has purchased 450,000 Bitcoins, with a total value exceeding $43 billion. The latest acquisition of 2,530 Bitcoins was announced on Monday. Bitwise Chief Investment Officer Matt Hougan highlighted this trend as a significant yet overlooked development. In a report to clients on Tuesday, Hougan stated, "This is a larger trend than most realize. In fact, I believe it is a truly massive trend. Over the next 12 to 18 months, we will see hundreds of companies purchasing Bitcoin for their financial reserves, significantly boosting the entire Bitcoin market."