Future

2024

Bitcoin

Vortex

<p>The post <a href="https://coinpedia.org/news/bitcoin-mining-firm-vortex-bets-big-on-microstrategy-stock-is-this-the-next-bitcoin-boom/" rel="noopener noreferrer nofollow">Bitcoin Mining Firm Vortex Bets Big on MicroStrategy Stock—Is This the Next Bitcoin Boom?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Vortex, a leading Bitcoin mining company known for its focus on renewable energy and advanced technologies, has begun acquiring shares of MicroStrategy (MSTR).&nbsp;This strategic acquisition aligns with Vortex’s vision of leveraging the synergy between traditional public markets and Bitcoin’s intrinsic value.&nbsp;</p>
<p>This buying made <a href="https://coinpedia.org/news/sec-approves-first-ever-leveraged-microstrategy-etf-a-new-gateway-to-get-bitcoin-exposure/" rel="noopener noreferrer nofollow">MicroStrategy stock</a> outperform the S&amp;P 500 and other major companies like NVIDIA and Arista Network.</p>
<h2 class="wp-block-heading" id="h-vortex-s-bitcoin-investment-via-microstrategy-stock">Vortex’s Bitcoin Investment Via MicroStrategy Stock</h2>
<p><a href="https://www.vortexglobal.com/industries/mining-minerals" rel="noopener noreferrer nofollow">Vortex Brands</a> has started buying shares of MicroStrategy, showing confidence in Bitcoin and other solid investments during this low-inflation period. Vortex CEO Todd Higley explained that adding MicroStrategy shares to their portfolio lets them take advantage of the way MicroStrategy links its stock value to Bitcoin’s worth.</p>
<p>Higley said, “Adding MicroStrategy stock to our balance sheet allows us to leverage the arbitrage strategy MicroStrategy employs between the corporate public markets and Bitcoin’s intrinsic value.”</p>
<p>Higley further noted that this investment aligns with Vortex’s positive view of Bitcoin and their belief in hard assets, like certain digital currencies, as smart choices in today’s market.&nbsp;</p>
<p>So far, <a href="https://www.prnewswire.com/news-releases/vortex-brands-co-acquires-microstrategy-stock-as-strategic-asset-302232437.html" rel="noopener noreferrer nofollow">Vortex has bought 10 shares</a> of MicroStrategy. This is just the start, as they plan to buy 10 more shares each month and update their holdings every quarter.</p>
<h2 class="wp-block-heading" id="h-microstrategy-s-market-performance">MicroStrategy’s Market Performance</h2>
<p>MicroStrategy, known for its significant Bitcoin holdings, has outperformed the S&amp;P 500 and other major companies like NVIDIA and Arista Networks. The company’s strategic investment in Bitcoin has surged its position in the market.&nbsp;</p>
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   <p lang="en" dir="ltr">Four years on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> Standard, and you would have outperformed every company in the S&amp;P 500. <a href="https://t.co/X2QMKMNJn5" rel="noopener noreferrer nofollow">pic.twitter.com/X2QMKMNJn5</a></p>— Michael Saylor <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1827681542304338128?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 25, 2024</a>
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<p>Recently, South Korea’s National Pension Service (NPS) <a href="https://www.sec.gov/Archives/edgar/data/1608046/000160804624000005/xslForm13F_X02/20242q.xml" rel="noopener noreferrer nofollow">invested nearly $33.75</a> million in MicroStrategy during Q2 2024, acquiring 24,500 shares at an average price of $1,377.48 each. After a 10-for-1 stock split, these shares are now valued at approximately $32.3 million.</p>
<h2 class="wp-block-heading" id="h-vortex-s-future-expansion-plans">Vortex’s Future Expansion Plans</h2>
<p>In addition to acquiring MicroStrategy stock, Vortex Brands is set to announce a new division aimed at generating additional revenue streams. This expansion will complement their efforts to enhance Bitcoin mining efficiency and accumulate more Bitcoin.&nbsp;</p>
<p>By investing in companies with a strong Bitcoin focus, Vortex aims to capitalize on the increasing integration of digital assets into mainstream finance, reinforcing its position as a leader in the evolving cryptocurrency landscape.</p>

Bitcoin Mining Firm Vortex Bets Big on MicroStrategy Stock—Is This the Next Bitcoin Boom?

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