Strategy Inc. Bolsters Bitcoin, Defies Systemic Risk Claims Amid Price Drop

Michael Saylor, Executive Chairman of Strategy Inc., emphasized that his company supports Bitcoin liquidity and is not a systemic risk to the cryptocurrency. Despite the price drop from around $120,000 to $60,000, Strategy Inc. has only sold 32 BTC but bought about 250,000 BTC net in the current bear market.

This 'shock absorber' effect of Strategy Inc. helps stabilize the market and contributes to Bitcoin's dominance in the crypto space, with its market share rising to nearly 70%. Saylor highlighted the potential for Bitcoin to represent a $100 trillion opportunity if 10% of global capital goes digital.

Saylor reaffirmed that Strategy Inc. is building financial infrastructure to support global capital flow into Bitcoin and underscored the company's commitment to this goal.