Strategy, which had not made any new Bitcoin purchases for some time, resumed $BTC buying in the last two weeks. With this latest purchase, the amount of $BTC held by the company has increased to 847,666, and the company’s president, Michael Saylor, made new statements.
Speaking to Binance recently, Michael Saylor stated that Strategyi does not have a fixed target for Bitcoin assets and will continue to acquire them as it raises capital through equity and loan products.
As Bitcoin Price Rises, Access to Capital May Strengthen!
Michael Saylor stated that the rise in Bitcoin’s price could support further $BTC purchases by reducing the company’s funding costs. According to Saylor, Bitcoin’s appreciation could create a cycle that strengthens the company’s access to capital.
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At this point, Saylor said that rising Bitcoin prices and falling funding costs could create a positive cycle that further strengthens Bitcoin-owning companies like Strategy.
Saylor stated that the first key point is the appreciation of Bitcoin, which has a limited supply. He also noted that STRC is a significant variable in this structure, and according to Saylor, increased investor interest and market acceptance of the product could reduce the additional return demanded by investors. This could help lower Strategy’s funding costs. As the company’s market capitalization and access to capital strengthen, new capital can be raised under more favorable conditions, leading to increased Bitcoin purchases.
At this point, Saylor cited Strategy’s $152 million STRC buyback announced on September 28 as an example of this active capital management strategy. Emphasizing that Bitcoin itself does not generate interest income, Saylor argued that appreciation in $BTC price and efficient capital management remain fundamental elements of Strategy’s Bitcoin-focused financing model.
We Will Continue to Be a Net Buyer!
Finally, Saylor stated that Strategy remains a net buyer of Bitcoin. However, Saylor noted that accumulating more $BTC will become exponentially more difficult as the Bitcoin price rises.
He also added that the company’s securities and stock price would grow along with Bitcoin. Saylor further noted that there is a complementary structure between Bitcoin, STRC, and MSTR. Accordingly, while the rise in Bitcoin’s price makes new $BTC purchases more costly, the appreciation of Strategy’s financing instruments could make it easier for the company to secure capital for new purchases.
*This is not investment advice.