Saylor's Bitcoin Stash Is 'Very Hard' For A Public Company to Match
Michael Saylor’s company, Strategy, has accumulated 671,268 Bitcoin—about 3.2% of the total Bitcoin supply, worth roughly $58.61 billion. Anthony Pompliano stated it is highly unlikely any public company will match these holdings, given the scale and timing of Strategy’s purchases, which began in 2020 when Bitcoin prices were much lower. For another company to catch up now, it would require raising hundreds of billions of dollars. Concerns exist over Strategy’s potential influence on Bitcoin’s price, given its large share; however, CEO Phong Lee indicated the company does not plan to sell its Bitcoin before 2065. Strategy conducts its large Bitcoin purchases through over-the-counter desks to avoid impacting market prices. Many in the market interpret Strategy’s ongoing accumulation as bullish for Bitcoin.
