Foreign media reports that Strategy, the chairman of Michael Saylor, has once again defended the company's Bitcoin strategy, describing the ongoing purchases of BTC as a 'long-term playing approach' similar to that in golf. The report mentions that this stance continues his consistent public position, which is to regard Bitcoin as a long-term capital allocation rather than engaging in trading based on short-term price fluctuations.
Golf video discusses buying coins again
It is reported that Saylor released a short video shot at a golf course, stating that "rich people like to buy Bitcoin," and compared the continuous buying of Bitcoin to the golf sport, which requires patience and discipline. His main point in the video is that investing in Bitcoin requires perseverance; the focus should not be on short-term fluctuations, but on long-term commitment.
This commentary article argues that Saylor attempts to continue to send a clear signal to the market: Strategy will not treat Bitcoin as a short-term gaming tool, but rather view it within the longer-term context of the company's capital strategy.
The company's holdings have exceeded 840,000 coins.
Reports cited the latest data from Strategy stating that the company currently holds 845,050 BTC. Calculated at the price of $77,200 mentioned in the text, the value of this position is approximately $65.2 billion. In addition, the company also holds about $6.7 billion in cash.
The article also mentioned that Strategy stated in its September report that its total reserve capital had reached $66 billion, and used this figure to compare itself with the S&P 500 financial companies. The report believes that such disclosures continue to reinforce the company's market image of having Bitcoin as its core reserve asset.
- Bitcoin holdings: 845,050 coins BTC
- Position valuation: Approximately $65.2 billion
- Cash scale: Approximately $6.7 billion
The basis for buying is not the short-term coin price.
The report also reviewed an operation by Strategy this summer: the company sold approximately 7,000 BTC coins at a price range of $60,000 to $65,000, and then repurchased 4,603 BTC coins at the end of August for $80,318 each, with a total amount of about $370 million.
In an interview with Bloomberg, Strategy CEO Phong Le stated that the company's decisions "do not depend on the price of Bitcoin, but rather on the cost of capital." The article argues that this statement explains the core logic of Strategy: as long as financing conditions and capital structure permit, the company may continue to increase its exposure to Bitcoin, without considering whether it has "paid too much" as the primary criterion for judgment.
From a market perspective, the latest statement from Saylor did not bring any new disclosure documents, but it once again reinforced the public stance of the management of Strategy regarding long-term holding and continued allocation of Bitcoin. For market participants who are concerned about the coin-holding strategies of listed companies, such statements remain important signals to observe the company's subsequent financing and shareholding increase actions.
