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