MicroStrategy’s Masterstroke: The Impact of a Relentless Bitcoin Strategy

Happy Monday Bitcoiners, it's Bam here with another Bitcoin update!

Each week, our team at Bitcoin News saves you time by curating the most impactful events into a concise, easy-to-read update.

Notable events this week include:

• MicroStrategy acquires an additional 18,300 Bitcoin.

• Whale addresses now hold 5% more Bitcoin compared to six months ago.

• Japan’s largest power company is mining Bitcoin.

Let’s dive in! ⚡

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LATEST NEWS 📰

🙌 ADOPTION

• Addresses holding 100-1,000 BTC now control 20.3% of the Bitcoin supply (4.01 million BTC), a 5% increase from six months ago.

• On-chain specialist Sani reports tracking all addresses for Bitcoin ETFs to verify they are backed 1:1.

• Students in El Salvador are gaining hands-on experience with Bitcoin mining using the Bitaxe home miner.

⚖️ LEGAL

• Standard Chartered launches Bitcoin and crypto custody services in the UAE.

• United Kingdom introduces a bill to recognize Bitcoin and cryptocurrency as personal property, potentially offering additional legal protection to holders.

• The ARK 21Shares Bitcoin ETF is shifting some custodial services from Coinbase to Anchorage Digital Bank and BitGo, aiming to enhance security through diversification.

📈 MARKETS

• MicroStrategy buys 18,300 Bitcoin for $1.11 billion, bringing its total holdings to 244,800 BTC. They now include a “BTC Yield %” metric (17% YTD) in their filings to track the Bitcoin represented by each MSTR share.

• Metaplanet purchases an additional ¥300M ($2M) worth of Bitcoin, bringing its total holdings to 398.8 BTC. The company has acquired this for an aggregate ¥3.75B ($26.12M) at an average price of ¥9.4M per BTC.

• Monochrome is set to become the first Australian spot Bitcoin ETF to implement proof-of-reserves verification, partnering with digital-asset security service Hoseki.

⛏️ MINING

• Tepco, Japan’s largest power company, is mining Bitcoin using surplus renewable energy, reducing waste and driving green investments.

• Clean Spark acquires seven new facilities in East Tennessee for $27.5M, averaging approximately $324,000 per megawatt.

• GrassFedBitcoin demonstrates that Bitcoin block templates can be created by individual miners instead of a mining pool, allowing miners to select which transactions to include in the block rather than the pool.

🗳️ POLITICS

• Interest payments on the national debt have surpassed $1 trillion ($3B per day), a 30% increase from last year, with rising rates and a growing deficit pushing projected payments to $1.158 trillion for the year.

• A Norwegian town experiences a nearly 25% spike in electricity rates for residents after the municipality shuts down a local Bitcoin mine.

• Australia proposes the “Combatting Misinformation and Disinformation Bill,” which would make it illegal to post online content that could “harm the economy or public confidence in the banking system.”

BAMS 2 SATS 🧢

This week saw another report of public companies adding more Bitcoin to their balance sheets. Notably, MicroStrategy made headlines by purchasing $1.1 billion worth of Bitcoin, bringing its total holdings to 244,800 BTC.

To put this in perspective, by the end of 2023, MicroStrategy held 189,000 BTC. This means they’ve added over 55,000 BTC, increasing their holdings by roughly 30% so far this year.

Since the halving, 450 Bitcoin are mined daily, totaling around 66,000 BTC. MicroStrategy has effectively accumulated nearly half of all Bitcoin mined since then. Talk about conviction!

Michael Saylor’s conviction has been clear since 2020, when MicroStrategy adopted the Bitcoin standard. Even during the previous bear market, when their investments were underwater, the company stayed true to its strategy and message about Bitcoin.

Today, the results speak for themselves. Over the past four years, MicroStrategy has outperformed every company in the S&P 500 with its Bitcoin strategy. This includes Nvidia, which returned 821%, while MicroStrategy generated 825%.

If you haven’t yet, I highly recommend watching the video linked above where Saylor discusses this on CNBC. He explains the strategy in detail and shares his outlook for Bitcoin, predicting it could reach $13 million per coin within the next 25 years.

All in all, this highlights the remarkable outcomes that strong conviction and a long-term strategy can achieve. Fortunately, this is a strategy anyone can adopt—we just need to accumulate Bitcoin for ourselves, our businesses, and our families.

Keep on stacking!
Bam

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She reveals how Samson Mow is helping her formulate her Bitcoin plan, as well as so much more!