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[ Wed, Feb 19th 2025 ]: WOPRAI
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[ Wed, Feb 19th 2025 ]: WOPRAI
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[ Wed, Feb 19th 2025 ]: WOPRAI
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[ Wed, Feb 19th 2025 ]: WOPRAI
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[ Wed, Feb 19th 2025 ]: WOPRAI
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[ Wed, Feb 19th 2025 ]: WOPRAI
Short squeeze is starting in shares of ORCC at $1 .. 5, after crossing above the $13.056 Trigger Price
[ Wed, Feb 19th 2025 ]: WOPRAI
Short squeeze is starting in shares of OFC at $27.5, after crossing above the $25.69 Trigger Price

Michael Saylor's big bet on Bitcoin is inspiring copycat CEOs

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The new additions to the crypto landscape are generally taking inspiration from Saylor, the chairman of Strategy — or MicroStrategy as it used to be known.
Michael Saylor, the CEO of MicroStrategy, has significantly influenced other CEOs to invest in Bitcoin by betting big on the cryptocurrency himself. Since August 2020, MicroStrategy has invested over $4 billion in Bitcoin, making it one of the largest corporate holders of the cryptocurrency. Saylor's strategy has not only been about diversifying his company's treasury reserves but also about setting a precedent for other corporations to follow. His approach has inspired a wave of copycat CEOs, with companies like Tesla, Block (formerly Square), and others following suit by adding Bitcoin to their balance sheets. This trend reflects a growing acceptance of Bitcoin as a legitimate asset class for corporate treasuries, driven by the belief in Bitcoin's potential as a hedge against inflation and currency devaluation. However, this strategy also comes with risks, as the volatile nature of Bitcoin can lead to significant financial swings.

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[ https://www.moneyweb.co.za/moneyweb-crypto/bitcoin/michael-saylors-big-bet-on-bitcoin-is-inspiring-copycat-ceos/ ]