Strategy Could Buy as Much as 7% of Bitcoin Supply, Says Michael Saylor
Main Idea
Strategy, a Nasdaq-listed company, could hold up to 7% of Bitcoin's total supply, continuing its aggressive accumulation strategy since 2020.
Key Points
1. Strategy currently owns over 3% of Bitcoin's circulating supply (628,791 BTC), valued at $72 billion.
2. The company's co-founder Michael Saylor suggested it may eventually hold 3-7% of Bitcoin's total supply (21 million coins).
3. Strategy pioneered the corporate Bitcoin treasury model in 2020, shifting from software development to BTC accumulation.
4. The firm funds Bitcoin purchases through debt and stock issuance (MSTR), allowing investors indirect crypto exposure.
5. Analysts raised MSTR's price target to $705, reflecting confidence in Strategy's Bitcoin strategy despite inherent risks.
Description
Bitcoin treasury giant Strategy already holds $72 billion worth of BTC, but Michael Saylor has even larger ambitions.
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