NewsletterWhich Magnificent 7 Company Will Be First to Adopt Bitcoin in 2025?
Highlights
- Magnificent 7 companies likely to boost adoption of Bitcoin as per prediction market's data.
- Market expectations grow for Microsoft and Amazon to join the trend, along with Tesla.
- MicroStrategy's Michael Saylor has intensified efforts to convince major tech firms to adopt Bitcoin.
- A report from NCPPR suggests Amazon allocate a portion of its $88 billion reserves to Bitcoin.
The odds of a Magnificent 7 company announcing Bitcoin adoption in 2025 have increased considerably to 77%, as per data on prediction markets. With BTC gaining mainstream adoption and special recognition by the upcoming Donald Trump administration, expectations have surged regarding the growing corporate adoption of Bitcoin.
Of the top seven tech giants – Apple, Microsoft, Google parent Alphabet, Nvidia, Amazon.com, Meta Platforms and Tesla – Elon Musk’s electric car manufacturer already holds BTC on its balance sheet for more than 3 years now. Expectations are high from big market players like Microsoft and Amazon to join the bandwagon.
77% Odds a Magnificent 7 Firm Buys Bitcoin by 2025
The likelihood of at least one “Magnificent 7” company purchasing Bitcoin in 2025 has surged to 77%, according to the prediction market platform Kalshi data. This marks a significant increase from the 49% probability previously estimated.
The shift comes as leaders like MicroStrategy’s Michael Saylor have been trying to convince top tech firms like Microsoft (NASDAQ: MSFT) along with other Magnificent 7 firms to add BTC to their balance sheets. Saylor’s advocacy aligns with growing speculation around institutional Bitcoin adoption in the coming years.
Earlier this month, Michael Saylor released a video presentation explaining why Microsoft should add BTC to its balance sheet. “Microsoft can’t afford to miss the next technology wave, and bitcoin is that wave,” Saylor said. However, Microsoft shareholders voted against the Bitcoin proposal.
On the other hand, Michael Saylor remains firm on his BTC adoption strategy. On Monday, the firm announced a special meeting with shareholders to advance the 21/21 plan of raising further capital to increase the company’s Bitcoin holdings.
Michael Saylor Pitches Amazon’s Jeff Bezos
With Microsoft shareholders rejecting the proposal to adopt BTC as part of its treasury, crypto industry veterans are now pinning their hopes on tech giant Amazon. A report from the NCPPR earlier this month suggests that tech giant Amazon consider investing a portion of its $88 billion reserves in Bitcoin (BTC) as a hedge against inflation, fueling market optimism.
In his recent pitch, Michael Saylor also urged Amazon founder Jeff Bezos to make a $600 million investment in BTC. Saylor’s suggestion comes amid reports of Jeff Bezos planning a $600 million wedding celebration.
Saylor proposed an alternative use for the funds, urging Bezos to allocate the amount toward BTC acquisition. “$600 million would buy a lot of Bitcoin,” Saylor remarked. It will be interesting to see if Amazon becomes the next, after Tesla, among the Magnificent 7 Companies to add Bitcoins to its balance sheet.
As of press time, Bitcoin price is seeing further selling pressure dropping over 2% earlier today to hit December lows of $92,403. Although BTC has bounced back above $94,000 again, the overall market sentiment for a Santa Clauss rally seems dull at the moment.
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