Michael Saylor stated that Bitcoin reserve companies like Strategy can almost instantly convert new funds into Bitcoin. The executive chairman released a preview on Sunday about purchasing more tokens.
According to an interview released on Saturday by the Market Disrupters podcast, Saylor pointed out that the investment cycle for Bitcoin is a thousand times faster than that of technology, real estate, oil and gas, or any other category you have seen before.
Saylor hinted on Sunday that his company, Strategy, may be preparing to buy Bitcoin (BTC) again, despite the pressure of a significant decline in net asset value for corporate Bitcoin reserves.
Market sentiment views Strategy's Bitcoin purchases as generally positive for Bitcoin prices. Saylor emphasized the speed at which reserve companies are putting funds into Bitcoin.
Strategy is currently the company holding the most Bitcoin, with its holdings reaching 640,250 coins after a recent purchase on October 13, accounting for nearly 2.5% of the total Bitcoin supply.
According to Saylor, the speed at which the company accumulates Bitcoin and delivers returns to investors far exceeds that of real estate developers, where it may take years for investors to see returns.
"You can basically complete sales before you even build. We have truly achieved real-time operations, operating every day, equipped with four credit ATMs," he said.
Strategy began rapidly accumulating Bitcoin in October 2020, when it made a one-time purchase of over 20,000 Bitcoins and continued to increase its holdings. However, aggressive buying has also sparked some criticism, including concerns about shareholder dilution risks.
Nevertheless, Saylor believes that skeptics and cynics choose to willfully ignore and bury their heads in the sand rather than understand how the company operates and its potential benefits.
"Equity investors assess the company's value based on BTC returns and the appreciation of Bitcoin per share," he said.
Related: Kevin O’Leary says: You can't buy Starbucks with just AI, but it will be possible when combined with blockchain.
Original article: “Saylor Says: MicroStrategy Can Buy $100 Million in Bitcoin (BTC) Within an Hour After Raising Funds”
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