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Home Blockchain

Strategy’s Bitcoin buys should be ‘super careless’ to pump price — Exec

by DigestWire member
April 30, 2025
in Blockchain, Crypto Market, Cryptocurrency
0
Strategy’s Bitcoin buys should be ‘super careless’ to pump price — Exec
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Richard Byworth says that a firm like Strategy isn’t concerned with how high Bitcoin’s price goes; its focus is solely on the multiple of its net asset value.

Key takeaways:

Richard Byworth says Michael Saylor’s Strategy could ramp up its Bitcoin buys by acquiring cash-rich companies and converting their cash into Bitcoin.

He says that Strategy should consider accelerating purchases as the Bitcoin supply on exchanges continues to decline.

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