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Michael Saylor has just confirmed his 11th consecutive week of bitcoin acquisitions, an impressive streak that perfectly illustrates his relentless accumulation strategy. With 592,345 BTC in reserve, his company Strategy becomes a true bitcoin fortress. But how far will he go?
In Brief
- Michael Saylor confirms Strategy’s 11th consecutive week of bitcoin purchases since April 14.
- The company now holds 592,345 BTC valued at over 63.6 billion dollars.
- Strategy shows a 52% gain on its bitcoin investments, representing 21.8 billion dollars in unrealized gains.
- The company owns more than double the BTC of the 20 largest competing companies combined.
Strategy Widens the Gap with Its Competitors
On June 23, Strategy again made waves by announcing the acquisition of 245 additional bitcoins for 26 million dollars.
With this transaction, the giant led by Michael Saylor brings its total reserves to 592,345 BTC, strengthening its position as the world’s largest institutional bitcoin holder.
According to the site BitcoinTreasuries, the company now holds more than twice the BTC of the twenty largest publicly traded companies combined.
This accumulation policy is not new. It is part of a strategy launched as early as 2020 by Saylor, convinced that bitcoin represents “the digital gold of the 21st century.”
On X (formerly Twitter), where he gathers more than 4.4 million followers, he hammers home his credo:
In 21 years, you will regret not having bought more.
Faithful to this vision, Strategy continues its purchases, regardless of market direction.
Unlike traditional diversification approaches, Saylor made a radical choice: to concentrate most of the company’s treasury in bitcoin. A risky bet, but so far paying off.
The company currently shows a +52% return on its total purchases, representing more than 21.8 billion dollars in unrealized capital gains.
Now, every move by Strategy is closely watched by analysts. Some wonder: could this buying frenzy create market imbalance? Could an artificial scarcity of supply caused by this institutional hoarding propel BTC to new heights? The debate is fierce and divides industry experts.
The Risks of the “All Bitcoin” Model Scrutinized Closely
Despite Strategy’s spectacular performance, the viability of its business model raises a fundamental debate.
In a recent report, the venture capital firm Breed warns against the multiplication of companies trying to copy Saylor’s strategy.
These companies, often less capitalized, finance their Bitcoin purchases through debt or issuing shares, creating a high and potentially unstable leverage effect.
The report highlights that in case of a market downturn, only a few of these companies would survive.
When bankruptcies inevitably strike, the strongest players will buy out struggling companies, and the sector will consolidate.
In this scenario, Strategy could emerge strengthened, further consolidating its dominant position in the enterprise bitcoin market.
What sets Strategy apart from its imitators is its size, the massive amount of BTC already accumulated, and especially its experience with previous bear cycles.
During the 2022 “crypto winter,” the company held firm, maintaining its course without giving in to panic. This disciplined accumulation demonstrates resilience that few companies can claim.
Michael Saylor embodies the extreme boldness of a crypto capitalism fully embraced. Against the tide of classical cycles, he bets on a hyperbitcoinization of the world. Visionary strategy or oversized bet? History, as always, will decide… but he keeps buying. Relentlessly.
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Passionné par le Bitcoin, j’aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l’outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
