- The U.S. government may secure Bitcoin with a major new investment strategy.
- MicroStrategy’s expanded Bitcoin investment could inspire other corporate investments.
- Microsoft’s shareholders now push the company toward Bitcoin investments for future growth.
The United States government and major corporations may soon push Bitcoin higher as key players increase their investments. With Republicans now leading both chambers of Congress, a proposed federal Bitcoin purchase program could become reality. This initiative, which has support from some Democrats, aims to make the U.S. government a top Bitcoin holder and drive market demand worldwide.
Federal Bitcoin Proposal Gains Momentum
As Republicans and some Democrats back the Bitcoin purchase program, its chances of passing grow. This program intends to acquire over five percent of Bitcoin’s entire supply and hold it for two decades. A long-term hold on this scale would likely increase Bitcoin’s stability and draw interest from other countries that might follow suit.
With its backing from multiple sides of the political spectrum, the U.S. government’s initiative could set a global trend for Bitcoin adoption. Many investors anticipate that Bitcoin’s price could surge if governments increasingly adopt similar strategies, creating higher demand and pushing other global players to enter the market.
MicroStrategy Expands Bitcoin Holdings Further
MicroStrategy, an enterprise software company, has raised its Bitcoin holdings with its largest purchase since 2020. Between October 31 and November 10, the company acquired 27,200 BTC, totaling around $2.03 billion. This tactical approach came just after the elections and aligns with the firm’s long-term investment plan.
Originally, MicroStrategy used cash to buy Bitcoin but has since shifted to shares sales and convertible debt to expand purchases. This investment method has paid off as the company’s stock price soared by more than 2,500 percent since 2020, surpassing gains from many major U.S. stocks. This consistent buying shows its strong belief in Bitcoin’s prospective potential.
Read CRYPTONEWSLAND on
google news
Microsoft Faces Shareholder Demand for Bitcoin
As corporations turn to BTC, Microsoft now faces increasing pressure from owners pushing for a crypto investment strategy. The December 10 annual shareholder meeting will discuss a proposal urging Microsoft to add Bitcoin to its portfolio as a hedge against inflation.
Although the company’s board has opposed the measure, the request reflects growing interest in the token within corporate boardrooms. With MicroStrategy’s success, organizations like Microsoft could face rising calls from shareholders to invest in Bitcoin and adopt its benefits.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
