Bitcoin treasury companies built primarily around buying the cryptocurrency may struggle to compete with Michael Saylor’s Strategy, according to economist and “The Bitcoin Standard” author Saifedean Ammous.
“I don’t see a compelling case for going to another Bitcoin treasury company other than Michael Saylor’s Strategy,” Ammous said on the latest episode of Cointelegraph’s Proof of Thesis.
Strategy holds the world’s largest corporate Bitcoin treasury, with 847,666 BTC acquired for $63.95 billion, according to its Monday 8-K filing. The company also reported a $5.02 billion US dollar reserve to cover preferred stock dividends and debt interest.
Related: ‘Bitcoin Standard’ author explores reality where decentralized gold stopped WWI
Strategy’s size and cash reserves
Strategy’s larger Bitcoin holdings allow it to borrow at lower rates, giving it an advantage over smaller treasury companies, according to Ammous. He…
