The strategy co-founder Michael Sayler posted a Bitcoin (BTC) chart indicating an adjacent BTC acquisition by the company, marking eight of continuous purchases by the company during this latest purchase stint.
“Orange is my favorite color,” Siler wrote For its 4.4 million followers on X-a number that has been increasing continuously in the last two years as the strategy co-founder command has raised media attention due to the company’s corporate treasury scheme.
The company’s most recent bitcoin acquisition was around $ 427 million at 4,020 BTC on 26 May, the total holdings of the strategy were brought to 580,250 BTC.
As data From bitcoin tragedy, the strategy makes the company’s BTC holdings jointly dwarf the amount of BTC joint by the US and Chinese governments.
The strategy is synonymous with bitcoin, many traders have seen it as a proxy condition for digital assets.
According to the Chrytictive Analyst’s Young Zoo, the rapid accumulation of the company of BTC is already changing market dynamics. Institutional procurement can also trigger supply shock, which can lead to higher BTC prices, Crypto-Mool signum bank officials told the coinlagraph.
Connected: Michael Sayler shot his shot for a rogen spot: ‘Let’s talk about bitcoin’
The debate flows on the evidence of the store of bitcoin of strategy
Has been a strategy Speciality As an emerging financial superpower by writers such as Adam Livingstone. However, all investors are not convinced of the strategy reported bitcoin accumulation numbers.
The increasing number of market participants has voiced criticisms and doubts that the strategy does not have bitcoin in its corporate treasury, citing the lack of regular evidence of reserved audit.
One person Reactive Saylor’s adjacent acquisition post: “There is no evidence of the store, your favorite ‘I believe brother.” When Mempool?
https://www.youtube.com/watch?v=uc28jtzfina
The co-founder of the strategy argues that the evidence of reserved audit is risky for large enterprises and institutions as they open the wallets of institutions to trekking and unwanted attention from potential danger actors.
This high degree of transparency inherent in public blockchain is often quoted by industry professionals and professional leaders, as their business is one of the main obstacles for operating institutions.
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