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MicroStrategy and Bitcoin mining stocks rally due to BTC price rebounds

By
Redakcja
-
3 min reading

Bitcoin (BTC) price increased to a 3-month high at $46,293 after bulls said that they were focusing on taking full control of the market. Even when crypto traders might be slightly green again and pro traders are planning on adding bigger purchased positions so that not every class of investors will attain direct exposure to Bitcoin.

Bitcoin (BTC) price increased to a 3-month high at $46,293 after bulls said that they were focusing on taking full control of the market. Even when crypto traders might be slightly green again and pro traders are planning on adding bigger purchased positions so that not every class of investors will attain direct exposure to Bitcoin. 

Institutional investors such as fund administrator sets the rules for what percentage of the portfolio is infused in different asset classes and different companies with different interest for risk taking. If one was to think as to why the investors are piling into these assets versus simply grabbing BTC is mainly due to the reasons explained before and the administrative precariousness around the purchase of Bitcoin directly. Due to this there have been a number of entities are not allowed from investing directly in Bitcoin and some other cryptocurrencies, but there are other methods to attain exposure to the crypto sector. 

Companies that solely experts in Bitcoin mining have created huge profits and a majority are listed and can be an off-set play for investors looking forward to achieve some exposure to BTC in their stock portfolios. MicroStrategy (MSTR) the software company and its CEO Michael Saylor have come to be a quite famous across the cryptocurrency sector due to his strong interest for Bitcoin s a store value and the massive amount of BTC the company bought in the last year. With focusing on educating the world about the importance of Bitcoin and Blockchain technology, MicroStrategy has increased the Bitcoin portfolio in excess of 105,000 BTC in its treasury as a way to hedge against inflation. 

Due to this MicroStrategy stock price has turned correlated as the price performance of BTC and it has been noticed that it has been moving in tandem with the top cryptocurrency. companies that work in Bitcoin and cryptocurrency mining have also benefited from the price growth in BTC. The most well-known Bitcoin mining firm is riot Blockchain a company that works with warehouses full of ASIC miners to help process transactions on the network in return for BTC rewards. Another company that does Bitcoin mining as well as purchasing BTC with its treasury holdings is Marathon Digital Holdings (MARA). 

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