The co -founder of the strategy, Michael Saylor, published the Bitcoin (BTC) table that indicates an imminent acquisition of BTC by the company, marking the company eight of the company’s consecutive purchases during this last shopping period.
“Orange is my favorite color,” Saylor wrote to his 4.4 million followers in X, a number that has been constantly growing in the last two years as the co -founder of the strategy attends the attention of the media due to the company’s corporate treasury plan.
The most recent acquisition of Bitcoin of the company on May 26, 4,020 BTC, valued at approximately $ 427 million at the time of purchase, brought strategy holdings to 580,250 BTC.
According to the Bitcoin Treasury Bonds data, this makes the strategy the largest largest known Bitcoin holder, with the company’s BTC holdings that eclipse the amount of BTC held by American and Chinese governments combined.
The strategy has become Bitcoin synonym, with many merchants who see it as a proxy bet for digital asset.
The rapid accumulation of the company’s BTC is already altering market dynamics, according to Crytoquant Ki Young Ju. The institutional purchase could also trigger a supply shock, which sends Cointelegraph.
Related: Michael Saylor shoots his photo for Rogan Spot: ‘Let’s talk about Bitcoin’
The debate explodes on the strategy bitcoin reservation test
The strategy has been characterized as an emerging financial superpower by authors such as Adam Livingston. However, not all investors are convinced by Bitcoin accumulation numbers informed strategy.
A growing number of market participants has expressed criticism and suspicions that the strategy does not have the bitcoin that aims to have in its corporate treasure, citing a lack of regular reserve audits.
An individual responded to Saylor’s imminent acquisition public [are you] Too scared to show that you don’t have Bitcoin, but instead, Bitcoin paper? “
https://www.youtube.com/watch?v=uc28jtzfina
The co -founder of the strategy argues that the reserve audits test is risky for large companies and institutions because they open the wallets of the institutions to the monitoring and unwanted attention of the possible actors of threats.
This high degree of transparency inherent to public blockchains is often cited by industry professionals and business leaders as one of the main impediments for institutions that put their commercial operations in the chain.
Magazine: Coinbase hak shows that the law will probably not protect you: here is why
