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Should We Expect a Leading Tech Company to Invest in Bitcoin Soon?

24.12.2024 9:00 2 min. read Alexander Zdravkov
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Should We Expect a Leading Tech Company to Invest in Bitcoin Soon?

Bitcoin has been a trending topic among traditional investors these past few years as many big corporations are beginning to warm up to the idea of cryptocurrency.

The prediction market Kalshi indicates a 70% likelihood that one of the “Magnificent 7” companies will invest in Bitcoin before the close of 2025.

Meanwhile, MicroStrategy has continued its aggressive Bitcoin accumulation, announcing yet another large purchase earlier today. With holdings now totaling around $41 billion—equivalent to 2.1% of Bitcoin’s entire supply—the company’s stock has skyrocketed nearly 500% this year. Earlier in 2024, MicroStrategy even outperformed trading volumes for several “Magnificent 7” giants, such as Amazon.

Despite MicroStrategy’s success, corporate Bitcoin adoption has yet to gain significant momentum. Tesla’s groundbreaking $1.5 billion investment in 2021 sparked expectations that other major companies would follow, but those predictions have largely fallen flat.

Recent surveys, including one by CNBC, reveal that most CFOs still view Bitcoin as speculative rather than a reliable store of value.

Resistance among major corporations persists, as demonstrated by Microsoft shareholders overwhelmingly rejecting a proposal to explore Bitcoin investment earlier this month, with less than 1% supporting the idea. Similarly, Amazon shareholders proposed allocating 5% of the company’s assets to Bitcoin, but approval for such a move seems unlikely anytime soon.

MicroStrategy CEO Michael Saylor remains optimistic about Bitcoin’s future in corporate discussions, even though he acknowledges that widespread adoption by non-crypto firms may still be a distant goal.

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.

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