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It is worth noting that several institutional investors are gradually adopting a Bitcoin strategy. Even Dell Technologies once adopted Bitcoin as a payment means in 2014.
However, in 2017, low demand forced the company to cease the BTC payments. The digital asset industry has seen a higher Bitcoin demand, evident in the launch of spot Bitcoin ETFs which was launched in January. This revival in demand may cause Dell Technologies to venture into investing in BTC once again.
Amongst the many firms with a thriving Bitcoin strategy is Saylor’s MicroStrategy. The company recently scooped additional 11,931 Bitcoins at an average price of approximately $65,883 per Bitcoin. MicroStrategy now holds a total of 226,331 Bitcoins acquired at an average price of $36,798 per BTC, totaling approximately $8.33 billion. |
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