The strategy co-founder Michael Sirer indicated the purchase of a adjacent bitcoin (BTC) by the company, recently reached between $ 112,000 high levels on 22 May.
“I only buy bitcoin with money that I can’t lose,” Sayler wrote to his 4.3 million followers in an X. Post,
On May 19, the 7,390 BTC company’s most recent procurement, about $ 765 million, brought the total holdings of the strategy to 576,230 BTC.
If the strategy meets the acquisition on 26 May, it will mark bitcoin purchases of the company’s seventh consecutive week.
The strategy is synonymous with bitcoin, as the company continues to stack a large amount of BTC for its corporate treasury and motivates other companies to pive for a bitcoin treasury scheme, creates constant demand for digital assets from institutional players and helps to increase the price of BTC.
Connected: Jim Chanos bets on bitcoin and strategy
BTC except other companies in dust to pursue strategy in $ 10 trillion enterprise?
Market analyst Jeff Walton recently stated that the strategy could become a $ 10 trillion company and potentially commanded the title of the corporation, which is publicly traded publicly in the world due to its growing bitcoin stockpile.
“Strategy holds the best assets, and the most ancient collateral, compared to any other company on the entire planet,” Walton ” told Financial Times in a documentary about the company.
The analyst said that most companies generally face challenges raising hundreds of crores of dollars in capital, but the strategy has been able to raise billions of dollars in less than two months.
https://www.youtube.com/watch?v=esb74Syk828
While most companies spend to overhall this capital on production process or operating costs, the strategy uses depreciation fiat money raised from creditors and equity holders to buy rapid appreciation for its balance sheet.
Michael Sayler had earlier estimated that the price of bitcoin would reach millions of dollars per coin in the coming decades, arguing that there is an asymmetric opposite against all fiat currencies in the supply-capted asset, with no supply cap.
However, Bitcoin has struggled to reach a level of $ 150,000 in the short term. Saylor convicted the dull price action on investors earlier and rotated out of the BTC due to prolonged punishment.
magazine: MT Signal $ 250K Bitcoin ‘is the best case,’ Sol, Hype has tipped for profit: Business Secrets
