Cryptocurrencies continue to be in the spotlight at MicroStrategy. Today, the giant reported another round of bitcoin purchases.

Specifically, the company purchased 27,200 bitcoins for $2.03 billion. It now holds 279,420 BTC, in which it invested 11.9 billion. Accordingly, the average purchase price of each coin is $42,692, which is an excellent result compared to the crypto’s current exchange rate of 82 thousand.

The largest public companies by the number of bitcoins (BTC) purchased

This is what the updated ranking of public companies by number of bitcoins bought looks like. MicroStrategy continues to maintain its leadership, well, and the BTC at its disposal exceeds the dollar equivalent of 22 billion.

Why Buy Bitcoin

Greg Chipolaro, head of research at NYDIG, believes that after the results of the US election, ignoring crypto is too much of a luxury. Still, the winners of the last vote were politicians who are in favour of popularising digital assets and their normal regulation.

Accordingly, the conditions for using coins will get better and better. For example, companies will most likely not have to fear unexpected fines due to the connection with crypto by the Securities Commission.

NYDIG investment platform website

The regulator will have a new head, with candidates for the position we’ve read about in a separate article.

According to Cipolaro, and while some investors have already managed to acquire some bitcoin stockpile, the most popular BTC investment amount among most is still zero.

Here’s a commentary on the matter, as quoted by Cointelegraph.

It is now becoming a literal political necessity, and the lack of this asset will turn into a financial risk in the future. Investors who could previously easily ignore this asset for various reasons will continue to do so at their own financial risk.

The victory of coin-friendly politicians promises crypto “a dedicated seat at the table at the highest levels of government,” according to Greg. Accordingly, integration of digital assets into the overall financial system in one way or another seems more likely in the near future.

The expert assumes that next year major agencies and departments will tentatively get new heads. Such an eventuality could end up with the approval of normal, separate and full-fledged legislation to regulate the coin sphere.

Cryptocurrency investor with Ledger hardware wallet

Here’s the cue.

A change in leadership after the election could lead to a more flexible regulatory policy. Such a thing could encourage the SEC to enter into agreements with companies, allowing them to operate within a clearer regulatory framework, and in some cases to stop certain lawsuits altogether – especially if they are not in the public interest.

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Also, a change in the situation in the interaction between banks and blockchain companies cannot be ruled out. Recall that under the current US presidential administration, financial organisations mostly stopped working with representatives of the crypto niche, which happened on instructions from above.

Evidence of such has already received the crypto exchange Coinbase.

On the importance of changing the leadership of the Securities Commission also told the head of the investment fund ARK Invest Katie Wood. She believes that solving the problems with regulators will benefit the U.S. economy and at the same time will help popularise new technologies.

Here’s a comment on that.

Deregulation, weakening the powers of the SEC, FTC and other agencies, cutting government spending, lowering taxes and focusing on technological innovation will surely give a major boost to the U.S. economy. Since the election, we have greater clarity on the investment landscape.

SEC Chairman Gary Gensler

According to Wood, Gary Gensler’s activism has led to a massive talent exodus from the US cryptocurrency sector. However, he will now be fired and “cryptocurrencies, decentralised finance and other things are proving to be very exciting”.

Bitcoin is high on this administration’s plans, including the creation of a strategic reserve, and we’re very excited about it.


According to some sources, the US authorities may indeed recognise Bitcoin as a strategic asset. However, for now, the probability of such a thing remains low.

Perhaps Trump will limit himself to stopping the sales of confiscated cryptocurrencies by the government, as he has previously repeatedly stated. However, it is better not to count on government purchases of BTC - at least for now.


Ark Invest CEO Katie Wood

A16z’s cryptocurrency legal and policy experts Miles Jennings, Michelle Korver and Brian Quintenz shared a similar viewpoint over the weekend. Here’s the line.

We are optimistic that the government will now drive innovation, accelerate progress, and in addition set the stage for the cryptocurrency ecosystem to flourish in the US.


As a result, more and more analysts are expressing confidence that a new era is dawning for cryptocurrencies in the U.S. and the world at large. Either way, the SEC has created a lot of problems for the industry. And if the regulator, among other things, moves to support the sphere of decentralised assets, then its development will take place at a completely different pace.


Look for more interesting things in our crypto chat. We look forward to seeing you there so that you don’t miss the progress of the current bullrun and its finale.

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