Strategy can buy $100M of Bitcoin within an hour of raising it: Saylor
Michael Saylor says Strategy can convert $100 million in capital into Bitcoin within hours — a speed he claims outpaces any other investment class.
Bitcoin treasury companies like Strategy can turn fresh capital into Bitcoin almost instantaneously, Michael Saylor says, as the executive chairman posted a fresh teaser about buying more tokens on Sunday.
The investment cycle is a thousand times faster than technology, real estate, oil and gas or “anything else you’ve ever seen before in your life,” Saylor said in an interview on the Market Disrupters podcast released on Saturday.
Saylor hinted on Sunday that his company Strategy may be preparing to buy more Bitcoin (BTC), even as corporate Bitcoin treasuries face mounting pressure from a sharp drop in net asset values.