Michael Saylor co-founder Strategy has announced the 11th week in a row that Bitcoin was used by his company.BTCThe streak began on 14 April.
“In 21 years, you’ll wish you’d bought more,” Saylor wrote X. Over the last 12 months, Strategy’s co-founder gained about 1 million more followers.
It is important to understand the company’s business. most recent Bitcoin acquisition The purchase of 245 BTC by Strategy for $26 Million, which brought the total value of its holdings up to $592,345 BTC valued at $63.6 billion, occurred on 23 June.
Strategy’s Bitcoin Treasury is the most popular Bitcoin wallet. largest known corporate BTC holder Saylor’s firm holds more than twice as much BTC as the top 20 competing public Bitcoin treasury companies combined. Saylor’s company holds twice as much BTC than the 20 largest Bitcoin Treasury Companies combined. BitcoinTreasuries.
Analysts are still debating whether Bitcoin’s rapid accumulation by the company will affect its future. trigger a supply shockBTC’s price is rising.
Other market players have also expressed concern about the sustainability of the corporate Bitcoin treasury model employed by Strategy copycat companies that finance BTC acquisitions with debt and equity — a problem that could be the source of the next Bitcoin bear market.
Related: Saylor hints next Bitcoin buy as investor sues over Strategy’s Q1 loss
Newer Treasury Companies will survive the current pressures, while Strategy is not likely to.
Just a handful of Bitcoin treasury companies will survive According to recent research, the value of Bitcoin will drop once it drops. report Breed, a venture-capital firm.
“When failures inevitably hit, the strongest players are likely to acquire distressed companies and consolidate the industry,” Authors of this report have written.
“New treasury companies face this risk even more acutely, as they will have to raise capital on tougher terms and at higher leverage ratios than Strategy,” Breed.
A report stated that Strategy had a much higher chance to survive the next downturn, due to its BTC and size.
The authors noted that the strategy maintained discipline, and even continued to accumulate Bitcoin during the bear market. This will be the signature behavior of all other successful BTC Treasury companies.
Jeff Walton is a market analyst and strategy investor. predicted This means that there is a 91% probability of the business succeeding. joining the S&P 500In the second quarter of 2025, there will be a list of 500 biggest companies that are listed on US stock exchange.
The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.
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Source: cointelegraph.com
