Amid escalating conflict in the Middle East, Michael Saylor and his company Strategy are actively increasing their investments in Bitcoin.
Strategy Strengthens Its Bitcoin Position
In response to the escalating conflict between Israel and Iran, Bitcoin's price fell below $104,000. Taking advantage of the situation, Strategy purchased 10,100 BTC at an average price of $104,080, totaling $1 billion. This acquisition brought the total held by Strategy to 592,100 BTC purchased for $41.8 billion.
Criticism and Caution Amid Rising Risks
Despite positive outcomes, some analysts criticize the company's aggressive strategies. For instance, Matthew Sigel from VanEck points out that constant share issuance can dilute rather than create value. Meanwhile, Standard Chartered emphasizes the volatility of the crypto market as a potential risk for companies too heavily exposed to Bitcoin.
Future of Bitcoin in Unstable Conditions
In response to criticism, Michael Saylor remains confident in his strategy and supports other players in the industry, including Metaplanet, which has also boosted its Bitcoin reserves to 10,000 BTC. Amid fears regarding regional escalation, Bitcoin is becoming a strategic asset for companies like Strategy, although caution is still required in the current market situation.
By making significant investments in Bitcoin, Strategy under Michael Saylor highlights the importance of cryptocurrencies in the face of growing instability in the global arena.
