Strategy can buy $100M of Bitcoin within an hour of raising it: Saylor

Strategy chair Michael Saylor says the investment cycle for companies like his is 1,000 times faster than “anything else you’ve seen in your life,” and it looks like his firm is about to buy more.

Bitcoin treasury companies like Strategy can turn fresh capital into Bitcoin almost instantaneously, according to Michael Saylor, as the executive chairman posted a fresh teaser about buying more tokens on Sunday.   

The investment cycle is a thousand times faster than technology, real estate, oil and gas and “anything else you’ve ever seen before in your life,” Saylor said in an interview on the Market Disrupters podcast released on Saturday. 

Saylor hinted on Sunday that his company Strategy may be preparing to buy more Bitcoin (BTC), even as corporate Bitcoin treasuries face mounting pressure from a sharp drop in net asset values. 

Read more