The co-founder of the Michael Saylor strategy reported an imminent Bitcoin (BTC) purchase by the Company in the middle of the recent drop in the summit of $ 112,000 reached on May 22.
“I only buy bitcoin with money that I cannot afford to lose,” Saylor wrote to his 4.3 million followers in a post X.
The most recent purchase of 7,390 BTC from the company on May 19, estimated at nearly $ 765 million, brought the total stratiGy assets to 576,230 BTC.
If the strategy ends the acquisition on May 26, it will mark the seventh consecutive week of Bitcoin purchases from the company.
The strategy has become synonymous with Bitcoin, while the company continues to stack large amounts of BTC for its business treasure and inspire other companies to rotate with a Bitcoin treasure plan, creating a sustained demand for the digital assets of institutional actors and helping to strengthen the price of the BTC.
In relation: Jim Chanos takes up opposite bets on bitcoin and strategy
BTC to propel the strategy into a company of 10 billions of dollars, leaving other companies in the dust?
Market analyst Jeff Walton recently said that the strategy could become a company of $ 10 billion and potentially order the title of the most precious company listed in the world because of its growing Bitcoin stock.
“The strategy contains more the best assets and the most virgin guarantees on the whole planet than any other company, by multiple,” Walton Times told a documentary on the company.
The analyst added that most companies are generally faced with challenges to raise hundreds of millions of capital 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 would spend this capital to revise the production process or operational costs, the strategy uses the depreciation of fiduciary money collected creditors and shareholders to buy an asset appreciating quickly for its balance sheet.
Michael Saylor had previously planned that the Bitcoin Prize would reach millions of dollars per room in the coming decades, arguing that the assets supported by the offer includes an asymmetrical advantage against all the fiduciary currencies which do not have a supply ceiling.
However, Bitcoin struggled to reach the level of $ 150,000 in the short term. Saylor blamed the action of slow prices to investors who take advantage prematurely and turning out of the BTC due to a lack of long -term conviction.
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