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Bitcoin Is Infiltrating Public Company Balance Sheets
To investors, The public markets are starting to embrace bitcoin globally. MicroStrategy started the game with their announcement of a bitcoin treasury strategy. MicroStrategy owns 214,400 bitcoins as of May 1, 2024. The company claims the average purchase price of these bitcoin is $35,158 per bitcoin with a total cost of $7.5 billion.
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DJ
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4d
Please do an update on DEFTF. It has been on a tear. I appreciate you bringing it to our attention in April.
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Takarudana Mapendembe
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18h
It's fascinating to see how more companies are adopting bitcoin as a reserve asset. MicroStrategy, Tesla, and Block paved the way, and now others like DeFi Technologies, Metaplanet, and Semler Scientific are joining in. The trend suggests a shift in how corporations manage their balance sheets, favoring long-term assets like bitcoin over traditional ones like US treasuries. How do you think this shift will impact the overall market and corporate strategies in the future?