The strategy co-founder Michael Sayler indicated a adjacent bitcoin (BTC) On May 22, the company was purchased by the company recently from a high level of all time of $ 112,000.
“I only buy bitcoin with money that I can’t lose,” Sayler wrote to his 4.3 million followers in an X. Post,
Company 7,390 BTC’s most recent purchase On May 19, the value of about $ 765 million, the total holdings of the strategy brought 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 said that Strategy can become $ 10 trillion company And commanded the title of the most valuable public in the world due to potentially your 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 Siler earlier estimated the price price Bitcoin will reach millions of dollars In the coming decades, the per coin, arguing that the supply-capted asset has an asymmetric opposite against all fiat currencies, with no supply cap.
However, Bitcoin has struggled to reach a level of $ 150,000 in the short term. Saylor blames sluggish value action Investors who benefit before time And walking out of BTC due to lack of long -term punishment.
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