Michael Saylor says he's not concerned about Strategy's shrinking premium relative to his Bitcoin holdings

PANews reported on September 30th that Michael Saylor, according to Bloomberg, is unfazed by the shrinking premium his digital asset treasury firm, Strategy Inc., has long enjoyed on its Bitcoin holdings. Strategy's stock price has fallen approximately 20% since June, while Bitcoin has risen approximately 6% to a record high. This underperformance has led critics to question the effectiveness of Saylor's pioneering buy-and-hold cryptocurrency strategy. "I'm not overly concerned," Saylor said in an interview on Monday. "The reality is that as our leverage increases and Bitcoin volatility rises, the premium widens. And when volatility decreases and our leverage decreases, the premium sometimes shrinks. The market is still trying to digest this new business model, and the concept of a Bitcoin treasury company has only gradually emerged in the past year or so."

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
4 hour ago
7 hour ago
8 hour ago
8 hour ago
9 hour ago
13 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读