As of November 2024, MicroStra-To The Moon - Tiger Brokers Online Investing Community - To The Moon

As of November 2024, MicroStrategy holds the largest amount of Bitcoin among publicly traded companies, with approximately 331,200 BTC, valued at around $30 billion. This significant accumulation reflects MicroStrategy’s strategic decision to adopt Bitcoin as its primary treasury reserve asset, a move initiated in 2020 under the leadership of Executive Chairman Michael Saylor.

Other notable corporate Bitcoin holders include:

• Grayscale Bitcoin Trust: Manages one of the largest Bitcoin funds, holding about 643,572 BTC, which accounts for approximately 3% of all Bitcoin currently available.

• Marathon Digital Holdings: A prominent Bitcoin mining company with 17,631 BTC in its corporate treasury, valued at around $1.23 billion as of May 2024.

• Tesla: Holds approximately 10,725 BTC, valued at about $1 billion, following its $1.5 billion investment in Bitcoin announced in early 2021.

These holdings underscore the growing trend of corporations integrating Bitcoin into their financial strategies, reflecting a broader acceptance of cryptocurrency in the corporate sector.

BTC Retraces to $96000: Buy the Dip or Exit Now?

Bitcoin dropped to a low of $96,789, over $10,000 below Tuesday's all-time high, marking a 4% decline. Since the US election on November 5, Bitcoin's price has risen by more than 45%. Zann Kwan, CIO of Revo Digital Family Office, predicts that Bitcoin may retreat to just above the $90,000 level in the short term. ------------ What's your target price for Bitcoin in 2024? Is it good time to buy the dip or exit from Bitcoin?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":374417718366576,"tweetId":"374417718366576","gmtCreate":1732451079577,"gmtModify":1732451708975,"author":{"id":4092042681455900,"idStr":"4092042681455900","authorId":4092042681455900,"authorIdStr":"4092042681455900","name":"ahonn","avatar":"https://community-static.tradeup.com/news/e0e31f1fa05c46feef9aaa6aae7aac91","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":7,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"23f878ed27704312ae41c7f17e73b319-4","templateUuid":"23f878ed27704312ae41c7f17e73b319","name":"Annualised return","description":"Top 10%","bigImgUrl":"https://community-static.tradeup.com/news/15d4b5a89fa218ed3a35da1a05874cf6","smallImgUrl":"https://community-static.tradeup.com/news/16e2b28d75d7746886400fad4f4ec3e3","grayImgUrl":"https://community-static.tradeup.com/news/6f578d36f80e1a3d9c705f395e522048","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.03.14","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":6,"starInvestorFlag":false},"themes":[{"themeId":"50455a3684d44e6d9ff5b0367f889ef0","categoryId":"7a15628ce2174325bddc6229505e0d70","name":"BTC Retraces to $96000: Buy the Dip or Exit Now?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":50455a3684d44e6d9ff5b0367f889ef0}&rnconfig={\"headerBarHidden\": true}","description":"Bitcoin dropped to a low of $96,789, over $10,000 below Tuesday's all-time high, marking a 4% decline. Since the US election on November 5, Bitcoin's price has risen by more than 45%. Zann Kwan, CIO of Revo Digital Family Office, predicts that Bitcoin may retreat to just above the $90,000 level in the short term.\n------------\nWhat's your target price for Bitcoin in 2024?\nIs it good time to buy the dip or exit from Bitcoin?","image":"https://community-static.tradeup.com/news/04432831a9e272d10f2bcaf34b40b54c"}],"images":[],"coverImages":[],"html":"<html><head></head><body><p>As of November 2024, MicroStrategy holds the largest amount of Bitcoin among publicly traded companies, with approximately 331,200 BTC, valued at around $30 billion.  This significant accumulation reflects MicroStrategy’s strategic decision to adopt Bitcoin as its primary treasury reserve asset, a move initiated in 2020 under the leadership of Executive Chairman Michael Saylor.</p>\n<p>Other notable corporate Bitcoin holders include:</p>\n<p>• Grayscale Bitcoin Trust: Manages one of the largest Bitcoin funds, holding about 643,572 BTC, which accounts for approximately 3% of all Bitcoin currently available. </p>\n<p>• Marathon Digital Holdings: A prominent Bitcoin mining company with 17,631 BTC in its corporate treasury, valued at around $1.23 billion as of May 2024. </p>\n<p>• Tesla: Holds approximately 10,725 BTC, valued at about $1 billion, following its $1.5 billion investment in Bitcoin announced in early 2021.</p>\n<p>These holdings underscore the growing trend of corporations integrating Bitcoin into their financial strategies, reflecting a broader acceptance of cryptocurrency in the corporate sector.</p></body></html>","htmlText":"<html><head></head><body><p>As of November 2024, MicroStrategy holds the largest amount of Bitcoin among publicly traded companies, with approximately 331,200 BTC, valued at around $30 billion.  This significant accumulation reflects MicroStrategy’s strategic decision to adopt Bitcoin as its primary treasury reserve asset, a move initiated in 2020 under the leadership of Executive Chairman Michael Saylor.</p>\n<p>Other notable corporate Bitcoin holders include:</p>\n<p>• Grayscale Bitcoin Trust: Manages one of the largest Bitcoin funds, holding about 643,572 BTC, which accounts for approximately 3% of all Bitcoin currently available. </p>\n<p>• Marathon Digital Holdings: A prominent Bitcoin mining company with 17,631 BTC in its corporate treasury, valued at around $1.23 billion as of May 2024. </p>\n<p>• Tesla: Holds approximately 10,725 BTC, valued at about $1 billion, following its $1.5 billion investment in Bitcoin announced in early 2021.</p>\n<p>These holdings underscore the growing trend of corporations integrating Bitcoin into their financial strategies, reflecting a broader acceptance of cryptocurrency in the corporate sector.</p></body></html>","text":"As of November 2024, MicroStrategy holds the largest amount of Bitcoin among publicly traded companies, with approximately 331,200 BTC, valued at around $30 billion.  This significant accumulation reflects MicroStrategy’s strategic decision to adopt Bitcoin as its primary treasury reserve asset, a move initiated in 2020 under the leadership of Executive Chairman Michael Saylor. Other notable corporate Bitcoin holders include: • Grayscale Bitcoin Trust: Manages one of the largest Bitcoin funds, holding about 643,572 BTC, which accounts for approximately 3% of all Bitcoin currently available.  • Marathon Digital Holdings: A prominent Bitcoin mining company with 17,631 BTC in its corporate treasury, valued at around $1.23 billion as of May 2024.  • Tesla: Holds approximately 10,725 BTC, valued at about $1 billion, following its $1.5 billion investment in Bitcoin announced in early 2021. These holdings underscore the growing trend of corporations integrating Bitcoin into their financial strategies, reflecting a broader acceptance of cryptocurrency in the corporate sector.","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/374417718366576","repostId":0,"isVote":1,"tweetType":1,"viewCount":216,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["09008","IBIT","XBTmain","03042","03008","BTC.USD.CC","03439","BTC.USD.HKCC","09439","BTCmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":930,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/374417718366576"}