Stone Ridge joins growing list of companies acquiring BTC, bought 10,000 BTC.

[EncuentraCerca]

We need Buffet and BlackRock in this list!

[Kemarit]

I'm curious if this adoption by big companies will make smaller companies follow the lead. Or maybe even individual investors. Perhaps we are witnessing the birth of the momentum of instituational adoption. The more people believe that Bitcoin is a hedge/reserve asset, the more likely it will show these properties, because it's all about a common belief.

It will be interesting if smaller companies will follow this, there is so much risk for them, even diversifying small percentage might spell doom for them. As for individuals investors, it should come from different market, specially gold and oil investors. Just imagine if we can sway millions from them and put it on bitcoin, it will be a big gain for us and this could fuel the next big bull run that we all have been anticipating, $40k-$100k per pop.

[Shasha80]

Of course this is good news for me as a Bitcoin enthusiast, more and more companies are buying Bitcoin in large quantities,
then the number of Bitcoin in circulation will decrease. With the increasing demand for Bitcoin, the price of Bitcoin should be
more expensive. So the trend of companies buying Bitcoin if it continues will help mass adoption, because it makes many people
feel positive about Bitcoin.

[Ayiranorea]

Large scale companies giving importance to bitcoin as a reserve treasury asset makes bitcoin to be dominant than the other traditional investment/stocks which were mostly acquired by the large scale companies. Already few have done it, the same trend is being followed. This is the right moment to invest, but these large players on the market also try to manipulate the market. This happens as everyone are into cryptocurrency is to safeguard their reserve, make money and increase the market for their company.

[Wind_FURY]

Why should the new players who are actually buying into bitcoin also be the ones to support the devs? Aren't they just the latest entrants? If this information is even slightly correct, then the top 0.5% of addresses still own almost 85% of the coins.
 

I might be over-critical, they are new, but as the largest stake holders, what are their plans to secure and make their investment more valuable? Simply HODL, then sell once they projected that Bitcoin is not a profitable investment anymore?

You and I can only speculate on what their intentions might be. Its true that people with millions to spend can have intentions for bitcoin. We can only have hope and speculation. From the looks of it, they have put the money because they believe that "cash reserves" for their company shouldn't just mean "cash" reserves. People like the MSTR guy are already supporting bitcoin publicly and this in itself is a contribution.

From Michael's tweets, it does seem that he has the same deep understanding and respect for bitcoin that anybody who "gets" it has. I still think that they don't owe anything to bitcoin or bitcoin's devs to try and support it. They will most probably choose to do it themselves once they realize the importance of core devs. This in fact is a pretty burning question unto itself that how exactly is the open source development progress for bitcoin going on?? Maybe somebody who frequents the dev IRC can tell us. I have just seen a change in the names of posters and the discussions there quickly get too complicated to follow. Yet, seeing new names suggests that there is a stream of people joining in. Reading IRC and trying to gauge the nature of development going on there may be a worthy thing to do for some of the several "resource collectors" we have in the forum now.

They don't owe, but I believe it should be a responsibility to a point. They are actually incentivized if they support the network that enriches them. There's an unusual synergy.

I believe rent-seeking might not take them, and their relationship with the network very far.