Michael Saylor Going Wild? Strategy Now Holding Almost 4% of the World's Bitcoin Supply
The strategy just announced plans to buy more Bitcoin, bringing their total holdings to 818,334 BTC. That's about 3.9% of the total global Bitcoin supply.
What has the market in awe is their aggressive accumulation despite reporting a loss per share in last quarter's Q1. This means Saylor is still super bullish and believes BTC will soar much higher in the long run.
But there's a side that's starting to make many traders cautious. The funding for buying BTC partly comes from a preferred stock scheme with dividends up to 11%. As long as Bitcoin keeps climbing, this strategy looks genius. But if the market suddenly corrects hard, the financial pressure could be quite heavy.
On one hand, Saylor's move shows incredible conviction in Bitcoin. On the other hand, the leverage and high dividend burden also ramp up the risks.
What do you think, is this a visionary strategy or too reckless?
Follow the Menjadi Trader account for daily crypto updates.
NFA, DYOR.
#bitcoin #michaelsaylor #btc #cryptonews #menjaditrader $BTC
The strategy just announced plans to buy more Bitcoin, bringing their total holdings to 818,334 BTC. That's about 3.9% of the total global Bitcoin supply.
What has the market in awe is their aggressive accumulation despite reporting a loss per share in last quarter's Q1. This means Saylor is still super bullish and believes BTC will soar much higher in the long run.
But there's a side that's starting to make many traders cautious. The funding for buying BTC partly comes from a preferred stock scheme with dividends up to 11%. As long as Bitcoin keeps climbing, this strategy looks genius. But if the market suddenly corrects hard, the financial pressure could be quite heavy.
On one hand, Saylor's move shows incredible conviction in Bitcoin. On the other hand, the leverage and high dividend burden also ramp up the risks.
What do you think, is this a visionary strategy or too reckless?
Follow the Menjadi Trader account for daily crypto updates.
NFA, DYOR.
#bitcoin #michaelsaylor #btc #cryptonews #menjaditrader $BTC