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. In the past year, the co-founder of Strategy has accumulated approximately 1 million new followers on social media.
This company is a good example of a 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.
The Bitcoin Treasury of Strategy is the best Bitcoin Treasury in the world largest known corporate BTC holder The world. 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 is driving the price higher.
Some other market participants are also concerned about this. 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
The strategy is unlikely to collapse under pressure but the newer Treasury companies will
The only way to get a handful of Bitcoin treasury companies will survive A recent study suggests that the price of Bitcoin may drop. report Breed, a venture-capital firm.
“When failures inevitably hit, the strongest players are likely to acquire distressed companies and consolidate the industry,” The authors wrote the report.
“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, a strategy investor and analyst of the market recently predicted The company’s chances of success are 91% 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.
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Source: cointelegraph.com
