Reportedly, companies in two capital markets are in talks to adopt Microstrategy's Bitcoin business model.

More Businesses Seeking to Embrace Microstrategy's Bitcoin Acquisition Approach
As digital currency becomes more mainstream, an increasing number of companies are eager to incorporate bitcoin into their financial reserves and make it a central element of their operational strategies. David Bailey, the CEO of Bitcoin Magazine and a cryptocurrency advisor to the Trump campaign, has confirmed that companies in two foreign markets are exploring the possibility of implementing the innovative business model pioneered by Michael Saylor and Microstrategy in the United States.
Bailey stated, "We are currently engaged in negotiations to apply the Microstrategy/Metaplanet playbook in two additional international markets. This strategy is poised for global success." Although Bailey did not disclose the identities of these two markets, he did make it clear that Korea was not among them.
Under the leadership of Saylor, Microstrategy has successfully integrated bitcoin into its operations by not only incorporating it as a reserve asset but also prioritizing the acquisition of bitcoin as a key objective for the company, even going as far as to issue debt for this purpose. The underlying belief is that bitcoin will eventually surpass the value of traditional fiat currencies, allowing the debt to be repaid with bitcoin profits.
Consequently, this approach enables Microstrategy and other companies adopting this business model to serve as bitcoin proxies, enabling shareholders to indirectly invest in bitcoin. As of April 26, 2024, Microstrategy held a substantial 214,400 BTC.
Other companies are already following Saylor's lead. Metaplanet, a publicly traded company listed in Tokyo, recently announced its plan to utilize bitcoin as a reserve asset as a hedge against the vulnerability of the Japanese yen. Since April, Metaplanet has acquired 117.72 BTC and has approved a new purchase of 250 million yen (approximately $1.6 million) worth of BTC.
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