⚡Breaking : Bitcoin Acquisition Strategy !💥

Richard Byworth, a partner at Syz Capital and adviser at Jan3, suggests that Michael Saylor's MicroStrategy could enhance its Bitcoin acquisition strategy by purchasing cash-rich companies and converting their cash reserves into Bitcoin. This approach aims to accelerate Bitcoin purchases as supply on exchanges dwindles, potentially boosting MicroStrategy's multiple Net Asset Value (mNAV) and benefiting shareholders.

*Key Points:*

- *Current Holdings*: MicroStrategy currently holds 553,555 BTC, valued at approximately $52.48 billion.

- *Acquisition Strategy*: Byworth proposes a "super aggressive" buying strategy as Bitcoin supply becomes limited, which could significantly impact the market and drive the price higher.

- *Target Companies*: Byworth highlights the potential for acquiring "zombie companies" in Japan with significant cash reserves, similar to Metaplanet's approach.

- *Market Trends*: Fidelity Digital Assets reports that Bitcoin supply on exchanges is decreasing due to public company purchases, a trend expected to accelerate soon.

*Market Outlook:*

- *Current Price*: Bitcoin is trading at $93,971.51 USDT, with a 1.03% decrease in 24 hours.

- *Resistance Zone*: Bitcoin is stabilizing below the $95,500 resistance zone, with traders bracing for macroeconomic reports that may influence short-term price movements.

- *Upcoming Reports*: Key economic reports, including Core PCE inflation data, ISM manufacturing figures, and nonfarm payrolls, may impact investor sentiment .

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