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Michael Saylor Doubles Down: MicroStrategy Scoops Up 15,355 Bitcoin in Latest Power Move
Michael Saylor Doubles Down: MicroStrategy Scoops Up 15,355 Bitcoin in Latest Power Move
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MicroStrategy just dropped another $1 billion on Bitcoin—because apparently, corporate treasuries weren’t volatile enough. The business intelligence firm, led by Bitcoin maximalist Michael Saylor, now holds over 200,000 BTC. Wall Street analysts remain divided: ’genius hedge against fiat’ or ’reckless bet on digital tulips.’
Meanwhile, traditional finance bros are still trying to explain why their 2% yield bonds are ’safer.’
Strategy’s Bitcoin Acquisition Chart
Remarkably, Adam Livingston recently stressed the impact of Strategy’s incessant Bitcoin acquisition in a Sunday commentary. The Bitcoin Age and The Great Harvest author highlighted that the business development firm is synthetically halving Bitcoin with its unrealized accruals.
https://twitter.com/AdamBLiv/status/1916482436671689074
While miners produce 450 BTC per day and 13,500 BTC per month following the 2024 halving, Strategy has been acquiring a chunk of these new bitcoins, synthetically reducing the supply. The analyst stressed that if this continues, Strategy would be inducing halving manually and spurring a supply shock.
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