MicroStrategy’s Latest Bitcoin Buy Triggers Andrew Tate FOMO

• MicroStrategy has found the infinite money glitch.
• Michael Saylor announces latest $4.6B Bitcoin buy.
• Andrew Tate to mirror MicroStrategy’s buys but on a lesser scale.

MicroStrategy is showing no signs of slowing down its Bitcoin buying spree, reinforcing Michael Saylor’s unwavering belief in the cryptocurrency as the ultimate long-term store of value. Its latest November splurge added 51,780 BTC to its reserves, boosting its total holdings to a staggering 331,200 BTC.

Never one to shy away from the spotlight, controversial influencer Andrew Tate weighed in, pledging to mirror MicroStrategy’s Bitcoin buying patterns, albeit on a considerably smaller scale.

Tate Copies MicroStrategy 

With Bitcoin riding the Trump Pump and inching toward the $100,000 mark, MicroStrategy’s bold corporate strategy is beginning to look like a masterstroke. Tate appears to agree, declaring his plan to mirror MicroStrategy’s moves but in his own way.

Taking to X, Tate announced he would buy Bitcoin whenever MicroStrategy does, limiting his purchases to $1 million at a time. Despite claiming to hold hundreds of millions in BTC, he humorously labeled himself a “brokey,” unable to compete with MicroStrategy’s multi-billion-dollar acquisitions.

For Tate, this move is less about corporate clout and more about making a cultural statement, or so he claims. Still, seeing Tate openly embrace Bitcoin FOMO might just be 2024’s most surprising plot twist yet.

Bitcoin Money Glitch

Critics have long questioned MicroStrategy’s unconventional approach to corporate finance, but Bitcoin’s recent spike to an astonishing $94,300 has many rethinking their stance. What once seemed like reckless overexposure now appears to be a bold strategy with serious upside.

MicroStrategy recently unveiled its “21/21 Plan” to acquire another $42 billion in BTC over the next three years. This aggressive plan involves raising $21 billion through share sales at market value and another $21 billion via convertible debt, allowing investors to convert their holdings into company shares later.

In essence, the higher MicroStrategy’s valuation climbs relative to its Bitcoin holdings, the more leverage it gains to keep buying BTC, fueling a self-reinforcing cycle of accumulation.

On the Flipside

• The infinite money glitch relies on BTC going up forever.
• MicroStrategy‘s Q3 total revenue fell 10.3% y-o-y to $116 million.
• MSTR is at all-time highs, having broken previous resistance at $356.59 on November 12.
• Tate is accused of promoting rug pull memecoins .

Why This Matters

Tate’s million-dollar buys might seem trivial next to MicroStrategy’s billions, but the convergence of corporate giants and influencers signals a tipping point to accelerate Bitcoin’s journey into the mainstream further.

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