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Saylor (Strategy): "Bitcoin, an Offer You Can't Refuse" | Bitcoinist.com
An emblematic phrase, borrowed from the famous film The Godfather, which perfectly summarizes for Saylor the indispensable value of Bitcoin. The message quickly went viral on social media, reigniting the spotlight on the colossal crypto operations of the company and Saylor's bold predictions for the future of the king of cryptocurrencies.
Aggressive Bitcoin Purchases
According to reports, Strategy has just purchased 21,021 BTC for a total value of approximately 2.46 billion dollars, at an average price of 117,256 dollars per coin.
With this operation, the company's Bitcoin holdings have risen to 628.791 BTC.
At current market levels, these reserves are worth approximately 71.4 billion dollars, a figure that further reinforces Strategy's dominant role in the landscape of institutional investors in Bitcoin.
Since the beginning of the year, thanks to the constant rise in prices, the company has recorded a 25% return on its BTC reserves.
Bitcoin as "too tempting an offer": Saylor makes headlines again
Michael Saylor has never been shy when it comes to using strong words. He described Bitcoin as "a swarm of cyber hornets at the service of the goddess of wisdom, feeding on the fire of truth."
Words that do not seem to have come from a technical white paper, but from a mystical poem. The goal is clear: for Saylor, Bitcoin is not just code or digital money. It is a force destined to radically change the way people save and spend.
Institutional holdings on the rise
Strategy is not the only listed company building a massive crypto portfolio. Giants like BlackRock's iShares ETF and Grayscale's trusts also hold significant portions of the total BTC supply.
Overall, these institutional actors control about a quarter of all Bitcoin in circulation – a level of concentration never seen before. Just a few years ago, no institution owned more than a small fraction. Today, however, corporate treasuries and investment funds have become the main players.
Stable price, but high risk
Institutional interest has helped to dampen the volatility of Bitcoin. Large buyers tend to maintain their positions even during turbulent times, and their consistent orders help to fill the gaps left by smaller traders.
For Saylor, quoting The Godfather is not just a gimmick. It is a statement of intent.
With a fixed supply and a constantly increasing demand, Bitcoin represents – in his eyes – an offer too good to refuse.