Saylor Welcomes Competition: Every Bitcoin Bought by Rivals Helps Strategy
- —Strategy holds 847,666 BTC; Strive ranks fifth with 27,462 BTC
- —Strive bought $50 million of Strategy's STRC shares in March
- —Strive funded about 85% of its latest BTC purchase by issuing SATA shares
- —Only 4 of the 20 largest crypto treasury firms trade above the value of their holdings
Why it matters: More treasury companies boost Bitcoin demand, but their reliance on capital markets poses a sector-wide risk.
Source: Newsbit