Michael Saylor transformed Strategy (formerly MicroStrategy) into a Bitcoin treasury powerhouse by investing billions into Bitcoin, boosting the company's stock and inspiring other firms to add crypto treasuries. Bitmine Immersion Technologies (BMNR) claims to hold 1.71 million Ethereum, positioning itself as the largest Ethereum treasury and the second-largest global crypto treasury behind Strategy. Saylor predicted Bitcoin could reach $21 million by 2046, implying an approximate 18,161% gain from an assumed $115,000 price. Bitcoin moved from a niche 2009 launch to mainstream acceptance, aided by corporate balance-sheet purchases, payment processors enabling transactions, national adoption, and spot ETF approvals in 2024.
Michael Saylor has emerged as 's ( BitcoinCRYPTO:BTC) most fervent advocate, transforming his company, Strategy ( NASDAQ:MSTR) (formerly MicroStrategy), into a Bitcoin treasury powerhouse by investing billions into the cryptocurrency. This bold move has not only bolstered Strategy's stock but also inspired imitators. Companies like ( Bitmine Immersion Technologies (NASDAQ:BMNR) have followed suit, with BMNR claiming to hold 1.71 million Ethereum largest Ethereum treasury company CRYPTO:ETH), positioning itself as the and the second-largest global crypto treasury behind Strategy.
Major corporations like Tesla ( NASDAQ: TSLA) and Square have added Bitcoin to their balance sheets, signaling institutional trust. Payment giants like PayPal ( NASDAQ:PYPL) and Visa ( NYSE:V) now facilitate Bitcoin transactions, boosting accessibility. In 2021, El Salvador became the first nation to adopt Bitcoin as legal tender, a landmark for global acceptance. Spot Bitcoin ETFs, approved in 2024, have attracted billions in retail and institutional investment.
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