Michael Saylor has just confirmed his 11th consecutive week of Bitcoin acquisitions, an impressive sequence that perfectly illustrates his relentless accumulation strategy. With 592,345 BTC in reserve, his Strategy company becomes a real Bitcoin fortress. But how far will he go?
In short
- Michael Saylor has confirmed the 11th consecutive week of Bitcoin's Bitcoin purchases since April 14.
- The company now holds 592,345 BTC valued at more than $ 63.6 billion.
- Strategy displays a 52 % gain on its Bitcoin investments, or $ 21.8 billion not made.
- The company has more than double BTC than the 20 largest competing companies combined.
Strategy digs the gap with its competitors
On June 23, Strategy still marked the spirits by announcing the acquisition of additional 245 bitcoins for an amount of $ 26 million.
With this operation, the giant led by Michael Saylor brings his total reservations to 592,345 BTC, strengthening his position as the first institutional holder of Bitcoin in the world.
According to the site Bitcointreasuriesthe company now holds more than double BTC than the twenty largest public companies combined.
This accumulation policy is not new. It is part of a strategy launched from 2020 by Saylor, convinced that Bitcoin represents “the digital gold of the 21st century”.
On X (ex-Twitter), where he brings together more than 4.4 million subscribers, he hammered his credo:
In 21 years, you will regret not having bought more.
Faithful to this vision, Strategy continues its purchases, regardless of market management.
Unlike conventional diversification approaches, Saylor has made a radical choice: to concentrate most of the company's cash on Bitcoin. A risky bet, but so far paying.
To date, the company has a +52 % return on its cumulative purchases, representing more than $ 21.8 billion in latent capital gains.
Now, each Strategy movement is scrutinized by analysts. Certainly question: could this purchase frenzy lead to an imbalance on the market? Can an artificial rarity of the offer, caused by this institutional hob, propel the BTC to new heights? The debate rages and divides experts from the sector.
The risks of the “all bitcoin” model scrutinized with a magnifying glass
Despite the spectacular performances of Strategy, the viability of its economic model arouses a substantive debate.
In a report Recent, the venture capital company Breed warns against the multiplication of companies that try to copy Saylor's strategy.
These companies, often less capitalized, finance their Bitcoin purchases by debt or the issue of shares, thus creating a high and potentially unstable lever effect.
The report stresses that in the event of a reversal of the market, only some of these companies survive.
When bankruptcy inevitably strikes, the strongest players will buy businesses in difficulty, and the sector will consolidate.
In this scenario, Strategy could come out reinforced, further consolidating its dominant position on the corporate bitcoin market.
What distinguishes strategy from its imitators is its size, the massive quantity of BTC already accumulated and above all, its experience of previous lower cycles.
During the “crypto winter” 2022, the company had held out, now its course without giving in to panic. This rigorous accumulation discipline demonstrates resilience that few societies can claim.
Michael Saylor embodies the extreme audacity of assumed crypto capitalism. Between the current of conventional cycles, it puts on a hyperbitcoization of the world. Visionary strategy or disproportionate bet? The story, as always, will decide … but continues to buy. Tirelessly.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
