Strategy's move today is significant, and I suspect it's a dynamic the market will simply need to get used to, rather than an action to be surprised by.
For the past year, as Smarter Web has grown as a public company, the common narrative has been that
@Strategy supports the Bitcoin market. The reality is that
@saylor has done more than almost anyone to accelerate Bitcoin's institutional adoption. The capital markets innovation Strategy has created, through Digital Credit and other structures, has been remarkable.
At the same time, one of Bitcoin's greatest strengths is that it's bigger than any one individual, company or country. As the market increasingly recognises that, Bitcoin itself becomes stronger and more resilient.
For treasury companies, responsible capital allocation means making decisions that strengthen the balance sheet and grow Bitcoin per share over the long term. That can mean buying aggressively when appropriate. It can also mean using capital flexibly when that creates greater long-term value for shareholders.
The objective never changes: build a stronger company, and compound Bitcoin per share, over time.
LSE:
#SWC | OTCQB:
$TSWCF | FRA: $3M8
