The odds of Magnificent 7 buying Bitcoin are on the rise

Kalshi users are currently seeing a 70% chance Magnificent 7 will buy Bitcoin before the end of 2025.

As reported by U.Today, business intelligence firm MicroStrategy announced another large purchase of Bitcoin earlier today. Its total Bitcoin holdings currently stand at approximately $41 billion, representing 2.1% of the total supply of the cryptocurrency. The company's shares have risen by about 500% this year.

Earlier this year, MicroStrategy managed to outperform several Magnificent 7 stocks, including Amazon (AMZN), in terms of... Trading volume.

So far, Bitcoin has not gained much traction despite MicroStrategy's success story.

After Tesla made its groundbreaking $1.5 billion investment in Bitcoin in 2021, many suggested that several other major non-crypto players would follow suit. However, this was not the case.

like Reported by U. TodayOnly a small portion of chief financial officers surveyed by CNBC view Bitcoin as a store of value. The vast majority of them continue to treat it as a speculative instrument.

Earlier this month, Microsoft shareholders overwhelmingly rejected a proposal to evaluate a potential investment in Bitcoin, with less than one percent of them voting in favor of such an initiative.

Amazon shareholders also recently proposed investing up to 5% of the tech giant's assets in Bitcoin. However, it is unlikely that such a proposal will be approved in the near future.

Although MicroStrategy CEO Michael Saylor doesn't expect companies to rally behind Bitcoin in the near future, he recently said he expects the leading cryptocurrency to be part of the discussion.



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