Kaiser explained that Saylor followed a strategy of purchasing large amounts of Bitcoin, essentially record amounts, expressed in the number of BTC, not fiat money. MicroStrategy will purchase 1.05 BTC (5% of all existing bitcoins) at a price of $42,110 per coin. The total amount is $615.7 million. This is the company’s strategy to maintain market share and stability through the issuance of equity and debt and purchasing so much bitcoin.
Moreover, in this case, Sailor will break the record for the number of coins held by Satoshi Nakamoto, the creator of Bitcoin.
Crypto lawyer, BTC advocate and shareholder of this company, John Deaton, also pointed out MicroStrategy’s strategy. He fully supported the strategy.
Source: Ferra
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