Bitcoin treasuries may struggle to match Strategy, says Ammous
Strategy’s scale and cash reserves give it an edge over treasury rivals, according to Saifedean Ammous, author of “The Bitcoin Standard.”
Saifedean Ammous, author of "The Bitcoin Standard," believes Bitcoin treasury companies may face challenges in competing with Michael Saylor's Strategy. Strategy boasts the largest corporate Bitcoin treasury, with 847,666 BTC and a $5.02 billion reserve. Ammous asserts that Strategy's larger holdings enable it to borrow at lower rates, granting it an edge over smaller rivals.
Despite challenges, Strategy has maintained its position, raising its STRC preferred stock dividend rate and repurchasing shares during a recent downturn. Ammous recommends businesses invest surplus cash into Bitcoin as a long-term reserve, though he cautions about the risks involved. He predicts Bitcoin's next cycle may peak in 2029, with prices potentially rising until then.
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- Bitcoin treasuries may struggle to match Strategy, says Ammous cointelegraph.com
