- MicroStrategy continues purchasing Bitcoin, recently acquiring 3,000 more. The company now holds around 193,000 Bitcoin worth over $6 billion, more than any other public company.
- Bitcoin ETFs saw rapid growth since launching in 2021, now managing over $8 billion in assets. Experts predict Bitcoin ETF assets could surpass gold ETFs’ $90 billion within two years.
- More companies are investing corporate reserves in Bitcoin like MicroStrategy and Tesla, signaling increasing institutional adoption. Bitcoin’s limited supply and deflation make it attractive versus assets like gold.
Bitcoin has seen steady growth in investment vehicles like exchange-traded funds (ETFs). At the same time, companies like MicroStrategy continue aggressively acquiring Bitcoin to hold as corporate reserves. These trends point to increasing mainstream adoption of digital assets.
MicroStrategy’s Latest Bitcoin Purchase
On February 26, MicroStrategy announced the purchase of 3,000 additional Bitcoin. The company now holds around 193,000 Bitcoin acquired at an average price of $31,544.
MicroStrategy is publicly traded and holds more Bitcoin than any other public company, with its holdings now valued at over $6 billion.
The announcement came shortly after MicroStrategy’s Twitter account was hacked. The hacker posted fake giveaways in an attempt to steal user funds. While some users did lose money in the scam, the situation was quickly resolved.
Predictions of Bitcoin ETF Growth
Bitcoin ETFs have seen rapid growth since launching in 2021. Senior Bloomberg analysts predict these funds could surpass gold ETFs in assets under management within two years.
Gold ETFs currently manage around $90 billion in assets. Bitcoin ETFs have already attracted over $8 billion in net assets in their short lifespan.
While gold ETFs added $3.6 billion since the Bitcoin funds launched, Bitcoin ETFs brought in over $5 billion. With strong appetite for crypto investment vehicles, experts believe Bitcoin ETFs can eclipse gold.
Ongoing Trend of Institutional Bitcoin Adoption
MicroStrategy’s CEO Michael Saylor said the company plans to continue acquiring Bitcoin, calling it “technically superior” to gold and stocks.
Major companies like MicroStrategy and Tesla investing their corporate reserves in Bitcoin signals its viability as a long-term store of value. More institutional investors are likely to follow suit.
Bitcoin’s limited supply and deflationary properties give it an edge over assets like gold and fiat currencies. As digital assets keep maturing, we can expect the trend toward Bitcoin as an institutional investment to persist.
