Bitcoin treasury companies like Strategy can turn fresh capital into Bitcoin almost instantaneously, Michael Saylor says. The executive chairman posted a fresh teaser about buying more tokens on Sunday, highlighting the company’s rapid investment cycle.
In an interview on the Market Disrupters podcast released on Saturday, Saylor explained that the investment pace is “a thousand times faster than technology, real estate, oil and gas or anything else you’ve ever seen before in your life.” He added, “Sometimes we’re literally selling $50 million an hour or $100 million an hour and buying $100 million of Bitcoin the same hour. Like we could do a billion dollars of capital raising in a day and we might have $20 million of exposure at 4 pm, and by 5 pm, 6 pm, we’re fully done.”
Saylor hinted on Sunday that his company, Strategy, may be preparing to buy more Bitcoin (BTC), despite mounting pressure on corporate Bitcoin treasuries from a sharp drop in net asset values. Strategy’s Bitcoin purchases are often seen as bullish for the price of Bitcoin, and Saylor’s comments emphasize how quickly treasury firms can convert capital into Bitcoin.
### Strategy Building in Real Time
Strategy is the largest corporate holder of Bitcoin, with 640,250 tokens following its most recent purchase on October 13. Its holdings account for nearly 2.5% of Bitcoin’s total supply.
Saylor pointed out that his company can accumulate Bitcoin and provide returns for investors much faster than other asset classes like real estate developers, which can take years before investors see any return. “You can essentially sell it before you build. We’re literally building it in real time. We’re open for business every day with four credit ATMs,” he said.
“If someone hit the bid and wanted to buy $500 million in a minute, we build a building in a minute. In 60 seconds. Trade is done. Cash changes hands. We create the collateral. We bought the Bitcoin underlying that day.”
### Skeptics and Critics are “Strategically Ignorant”
Strategy’s rapid Bitcoin accumulation began in October 2020, when it purchased more than 20,000 BTC, and this aggressive buying has continued to escalate. However, the company has faced criticism and concerns from some quarters, such as the dilution risk to shareholders.
Despite this, Saylor dismissed the skeptics and cynics as “strategically ignorant” — accusing them of sticking their heads in the sand instead of trying to understand how the business operates and the potential benefits.
“The equity investors value the company based on BTC yield, the appreciation of Bitcoin per share,” he explained. “Credit investors value the credit, this credit security based upon USD yield, and so just swapping a fiat yield — a yen, a euro, a US dollar yield — for a BTC yield with the Bitcoin as the collateral.”
### Conclusion
Michael Saylor’s comments reaffirm Strategy’s commitment to rapid Bitcoin accumulation and highlight the efficiency of treasury companies in converting fresh capital into Bitcoin almost instantaneously. As Strategy continues to build its Bitcoin holdings, its approach remains a benchmark in the evolving corporate Bitcoin treasury space.
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