Strategy Leads Bitcoin Market as Michael Saylor Outpaces Wall Street
Michael Saylor has turned Strategy into the biggest corporate Bitcoin (BTC) holder. His approach? Issuing convertible bonds to buy more BTC. This Strategy has helped him raise $9 billion while traditional firms struggle with debt. Now, other companies are following his lead.
The latest move in Saylor’s Strategy is the launch of the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX). This new investment product gives retail traders access to BTC-backed corporate bonds, making it easier to invest in firms like Strategy. As demand grows, Bitcoin-backed financial products are expanding fast. Over $60 billion in BTC is now held by public companies, with Strategy alone controlling $40 billion of that total.
Coinbase Movements Hint at New BTC Strategy
Whale activity on Coinbase Prime has sparked speculation that Strategy is buying more Bitcoin. A recent outflow of 19,984 BTC raised eyebrows, as this pattern matches Strategy’s past purchases. The company has not officially confirmed a new buy, but the market is watching closely.
Coinbase Prime and Anchorage have seen large BTC transfers in recent days. Even if Strategy isn’t the buyer, these moves signal strong confidence in Bitcoin from major players. BTC recently rebounded above $85,000, with 88% of addresses still in profit. If Strategy is back in accumulation mode, it could trigger another bull run.
Peter Schiff Doubles Down on Gold vs. Bitcoin
Bitcoin critic Peter Schiff is once again attacking BTC. He claims Bitcoin has been in a “stealth bear market” when measured against gold. Since 2021, BTC has lost 24% of its value in gold terms, dropping from 36.3 ounces per BTC to 27.7 ounces. Schiff argues that Bitcoin is speculative and lacks the stability of gold, which has held value for thousands of years.
Schiff directly called out Michael Saylor, saying his aggressive BTC Strategy could backfire. He pointed to Strategy’s stock decline and rising debt as warning signs. However, Saylor remains unfazed. He believes Bitcoin is the ultimate store of value and continues expanding Strategy’s BTC holdings. While Schiff sees BTC as a bubble, institutional investors keep pouring money into crypto.
Wall Street’s Growing Interest in BTC-Backed Strategy
Despite critics like Schiff, Wall Street is embracing Bitcoin. Convertible bond ETFs, including the $4 billion SPDR Bloomberg Convertible Securities ETF (CWB), are adding Strategy’s bonds. Institutional investors see BTC-backed financial products as a new growth sector.
Meanwhile, new Bitcoin-focused funds are launching. The Bitwise index now tracks companies holding BTC, and Leveraged ETFs like MSTX and MSTU offer exposure to Strategy’s stock. This increased institutional interest strengthens Bitcoin’s position in corporate finance. Even with concerns about market cycles, the trend is clear: more companies are integrating BTC into their long-term Strategy.
BlackRock Expands Its Bitcoin Strategy Investments
BlackRock is also making moves in the BTC market. Recent outflows from Coinbase Prime show BlackRock has acquired another $25 million in BTC for its IBIT ETF. The asset manager had previously sold some holdings but is now back in buying mode.
Retail investors remain cautious after Bitcoin’s 25% drop, but whales like BlackRock are taking advantage of lower prices. The crypto market is still recovering from recent sell-offs, but institutional demand remains strong. If major players continue accumulating BTC, the next bull run could be just around the corner.
Michael Saylor’s Strategy is leading the way, proving that Bitcoin isn’t just another asset—it’s reshaping corporate finance. While Schiff clings to gold, Saylor and Wall Street are betting on Bitcoin’s future.
