Strategy Considers Increasing Bitcoin Holdings to Potentially 7% of Total Supply, Says Michael Saylor
Main Idea
Strategy, led by Michael Saylor, plans to increase its Bitcoin holdings to potentially 7% of the total supply, emphasizing long-term capital preservation and balanced ownership.
Key Points
1. Strategy currently holds 628,791 BTC, worth $72 billion, representing over 3% of the circulating supply.
2. Michael Saylor advocates for shared Bitcoin ownership, targeting a balanced 3% to 7% of the total supply to avoid market dominance.
3. Strategy's stock (MSTR) has surged over 2,488% since 2020, reflecting strong market confidence in its Bitcoin strategy.
4. Analysts, such as Mark Palmer, are optimistic about Strategy's Bitcoin treasury plan, raising its price target to $705.
5. Strategy employs a buy-and-hold approach, avoiding Bitcoin sales even during significant price downturns to manage volatility risks.
Description
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