Saylor says Strategy unlikely to buy up rivals, as there’s too much uncertainty
Strategy is unlikely to make deals to acquire its Bitcoin-buying rivals, with founder Michael Saylor saying it’s too risky.
Strategy chairman Michael Saylor says his company isn’t interested in acquiring other Bitcoin treasury companies, as doing so is fraught with uncertainty, although he didn’t entirely rule it out.
“Generally, we don’t have any plans to pursue M&A [merger and acquisition] activity, even if it would look to be potentially accretive,” Saylor told investors on Thursday during Strategy’s third-quarter earnings call.
“There’s just a lot of uncertainty, and these things tend to stretch out six to nine months or a year,” he added. “An idea that looks good when you start might not still be a good idea six months later.”