Saylor says Strategy is buying “quite a lot” of Bitcoin

Michael Saylor, founder and executive chairman of Strategy, announced in an interview that the company is actively and accelerating its purchases of Bitcoin amid recent market dips. He stated that the next purchase figures would be reported on Monday and suggested investors would be "pleasantly surprised." Saylor defended Bitcoin's performance, noting its 50% average annual gain over five years, significantly outpacing gold and the S&P 500. Strategy currently holds 641,692 BTC, acquired at an average cost of about $74,000 per coin. Addressing concerns about leverage, Saylor assured that the company is less than 1.15 times leveraged with long-term debt, remaining over-collateralized even if Bitcoin dropped 80%. He also dismissed worries that stablecoins could compete with Bitcoin, arguing that Bitcoin serves as digital capital, distinct from digital finance applications like Ethereum or Solana, and that wealthy individuals prefer capital assets over stablecoins.

(Source：Crypto Briefing)