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Last week on Strategy, bought 13,927 Bitcoin, spending about $1 billion, with an average price around 72k. This is also the fifth time this year that the purchase has exceeded 10,000 coins.
The old guy's total holdings reach as high as 780k coins, nearly 4% of the total market. Many still see Saylor as a crazy gambler, but Saylor is playing an extremely sophisticated enterprise-level arbitrage:
Using the liquidity premium of the U.S. stock market, continuously issuing bonds and new shares (printing his own currency) to drain a hard asset with an absolute fixed supply. Then he creates a “BTC Yield” indicator, telling Wall Street a growth flywheel story they can understand, keeping the machine running.
You may not agree with this leveraged approach, but you have to admit, on the traditional financial table, the only person who has played the bugs in the fiat currency system so blatantly and has withstood pressure over these years to practice what he preaches is the old guy.