Strategy (NASDAQ:MSTR) executive chairman Michael Saylor has doubled down on the company’s Bitcoin’s (CRYPTO: BTC) Bitcoin acquisition strategy.
What Happened: Speaking on CNBC’s Squawk Box on Friday, Saylor emphasized that Bitcoin is “digital capital” and highlighted that Strategy’s business model revolves around acquiring BTC and issuing structured credit products — including preferred stock, backed by it.
He dismissed concerns about the size of Strategy’s position, arguing that owning even up to 7% of the total Bitcoin supply is not excessive, especially for a public company leading the way in digital asset treasury management.
Strategy now holds 628,791 BTC, …