Michael Saylor of Strategy hints at buying Bitcoin dip

Strategy co-founder Michael Saylor said the company’s upcoming Bitcoin (BTC) that the company recently dropped from its all-time high of $112,000 that it arrived on May 22.

Sailer wrote to his 4.3 million followers in X’s post, “I bought bitcoin only with my money.”

The company recently purchased 7,390 BTC on May 19, worth nearly $765 million, increasing its strategy’s total holdings to 576,230 BTC.

If the strategy completes the acquisition on May 26, it will mark the company’s seventh consecutive week of buying Bitcoin.

Strategy has become synonymous with Bitcoin as the company continues to stack large amounts of BTC for its corporate finance ministry and inspires other companies to transfer Bitcoin finance ministry plans, creating an ongoing demand for digital assets from institutional participants and helping BOLS PRISTER BTC.

Related: Jim Chanos puts an objection bet on Bitcoin and strategy

BTC pushes its strategy toward $100 trillion businesses, leaving other companies in the dust?

Market analyst Jeff Walton recently said that due to its growing Bitcoin inventory, the strategy could become a $100 trillion company and potentially become the title of the world’s most valuable publicly traded company.

“Strategies have more of the best assets across the planet, and the most primitive collateral on the planet is more than any other company,” Walton told the Financial Times in a documentary about companies.

Most companies usually face challenges, raising hundreds of millions of dollars in capital, but strategies have been able to raise billions in two months, analysts added.

https://www.youtube.com/watch?v=ESB74SYK828

While most companies spend this capital to overhaul the production process or operating costs, the strategy uses tortured statutory funds raised from creditors and equity holders to buy quickly appreciated assets for their balance sheets.

Michael Saylor had previously predicted that Bitcoin will reach millions of dollars per coin over the next few decades and believed that assets supplying assets have asymmetric upside potential for all fiat currencies with no supply cap.

However, Bitcoin has been working hard to reach the $150,000 level in the short term. Saylor blames investors for the low price action on premature profitability and spinning BTC for lack of long-term convictions.

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