Strategy’s Bitcoin buys should be ‘super careless’ to pump price — Exec

Key takeaways:Richard Byworth says Michael Saylor’s Strategy could ramp up its Bitcoin buys by acquiring cash-rich companies and converting their cash into Bitcoin. He says that Strategy should consider accelerating purchases as the Bitcoin supply on exchanges continues to decline. Byworth argues that aggressively increasing Bitcoin holdings would boost Strategy’s mNAV, benefiting shareholders. Michael Saylor’s Strategy should take a more aggressive approach to buying Bitcoin by acquiring companies to use their cash holdings to fund purchases and do away with over-the-counter buys, a crypto executive says source: https://cointelegraph.com/news/michael-saylor-strategy-bitcoin-buying-approach-super-careless-idea-richard-byworth?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound