Why Bitcoin Accumulation by MicroStrategy is a Game-Changer, According to Bitwise CIO Matt Hougan

On January 14th, COINOTAG reported insights from Matt Hougan, Chief Investment Officer at Bitwise, emphasizing a significant trend in corporate Bitcoin acquisition. Hougan argues that enterprises such as MicroStrategy engaging in substantial Bitcoin purchases reflect a major, yet often unnoticed, market dynamic. “This is a bigger trend than most people appreciate,” he stated in his client report, predicting that over the next 12 to 18 months, numerous companies will integrate Bitcoin into their treasury reserves, consequently enhancing the overall Bitcoin market.

Since committing to its Bitcoin strategy in 2020, MicroStrategy has amassed a staggering 450,000 bitcoins, valued at over $43 billion, with its most recent acquisition of 2,530 bitcoins announced this past Monday. This robust strategy positions MicroStrategy as a significant player, controlling about 2.1% of the global Bitcoin supply of 21 million. Hougan highlighted the firm’s substantial market presence, noting that by 2024, MicroStrategy had already acquired around 257,000 bitcoins, surpassing the total of 218,829 bitcoins mined in that same year.