MicroStrategy co-founder Michael Saylor has identified 60 public companies that can issue equity to buy Bitcoin. MicroStrategy currently holds the highest amount of Bitcoin among corporate entities, with nearly 389,000 coins. Other companies like Marathon Digital and Galaxy Digital also hold significant amounts of Bitcoin. However, some critics argue that MicroStrategy's dominance in this sector could deter newcomers from buying Bitcoin. Notably, many crypto-native companies have not embraced corporate Bitcoin adoption. Financial commentator Peter Schiff suggested that public companies are buying Bitcoin to support the market, as there is limited demand from the general public.
- Content Editor ( u.today )
- 2024-12-01
MicroStrategy's Saylor: '60 Public Companies Can Issue Equity to Buy Bitcoin'