Strategy has purchased Bitcoin for the 11th consecutive week, continuing to add to the largest corporate holdings in history.
On the 29th (local time), Strategy Director Michael Saylor announced that his account, X, has 4.4 million followers.
He posted to Warr, "In 21 years you'll regret not buying more Bitcoin," hinting at further purchases.
Strategy recently purchased 245 BTC on June 23rd for $260 million, bringing its total holdings to
The total value of the company's holdings reached 592,345 BTC. The current value of the company's holdings is estimated at approximately $63.6 billion. According to Bitcoin Treasury data, Strategy is the largest listed company in the world.
It holds the most Bitcoin in the world, more than double the holdings of its top 20 competitors. Some analysts have speculated that the strategy's aggressive bitcoin buying
Some market participants, however, are following the lead of the strategy firm and looking to secure assets.
They have questioned the sustainability of late-stage companies that raise debt and equity to buy bitcoin, warning that their model could spark the next bear market.
According to a new report from venture capital firm Breed, using Bitcoin as a corporate asset could lead to mass bankruptcies in the event of a market downturn.
"Then, stronger companies may acquire the ones in distress, and the industry may be restructured," he said. "New treasure companies will face more disadvantageous conditions and higher leverage than strategy companies."
"The risk is high because the company will have to raise capital through a large amount of funds," he said. However, the strategy has already endured a bear market and accumulated a large amount of Bitcoin assets.
Therefore, it is highly likely that the cryptocurrency will survive the next crisis. In particular, the strategy emphasized that the cryptocurrency continued to buy Bitcoin even during bear markets, and said that such a "long-term accumulation strategy" is likely to be used by other cryptocurrencies.
He added that this will be the hallmark of successful Bitcoin Treasure companies.
2025/06/30 11:33 KST
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