Add as a preferred source on GoogleSaylor Says Bitcoin Treasury Buying Is Creating a Supply Shock
He linked rising demand to stronger credit and equity positions, which he said can help treasury companies raise more capital for additional Bitcoin purchases.
Michael Saylor described Bitcoin treasury companies’ buying as creating a supply shock, saying rising demand is pushing up Bitcoin (BTC) prices and improving the companies’ financing positions.
He linked stronger credit and equity positions to the firms’ ability to raise more capital for additional Bitcoin purchases. In Saylor’s account, that process reinforces itself as the treasury sector grows.
Saylor characterized the companies as cooperating in the cycle rather than competing with one another.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.