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Magnificent 7 Companies Potentially Interested in Bitcoin Purchase

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by A1

12 hours ago


Kalshi platform users see a 70% chance of a company from the Magnificent 7 list buying Bitcoin by the end of 2025.

MicroStrategy's Recent Bitcoin Investments

MicroStrategy recently announced a significant Bitcoin purchase, increasing its holdings to $41 billion, representing about 2.1% of the entire cryptocurrency supply. The company's shares surged by nearly 500% this year.

Corporate Attitudes Towards Bitcoin

Despite MicroStrategy's success, corporate interest in Bitcoin has yet to gain significant traction. Tesla's $1.5 billion investment in 2021 did not set a widespread precedent for other major non-crypto players, according to surveys of CFOs.

Major Companies' Views on Crypto Investments

Earlier this month, Microsoft shareholders overwhelmingly rejected a proposal to invest in Bitcoin. An Amazon shareholders' proposal to invest 5% of its assets into Bitcoin also appeared unlikely to gain approval. Nonetheless, MicroStrategy CEO Michael Saylor notes that the cryptocurrency remains part of corporate discussions.

Despite growing awareness and discussion, major corporations remain cautious and are not yet ready to actively invest in Bitcoin.

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