Saylor: "Bitcoin Financial Strategy Experiencing Explosive Global Spread"...Wall Street Remains Skeptical

Source
Minseung Kang

Summary

  • CEO Michael Saylor said that the Bitcoin financial strategy is spreading among companies worldwide.
  • Several companies, including Trump Media and GameStop, announced Bitcoin purchase plans, but their stock prices have declined.
  • CNBC analyzed that market participants including Wall Street still remain skeptical about whether these companies can become a 'second Strategy.'

Michael Saylor, CEO of Strategy (formerly MicroStrategy), emphasized that the adoption of Bitcoin (BTC) by businesses is expanding throughout the industry, but there is still an analysis that Wall Street's perspective remains cold.

According to US business outlet CNBC on the 31st (local time), Saylor stated at the Bitcoin conference 'Bitcoin 2025,' "There are a series of attempts around the world to imitate financial strategies like mine." He added, "In regions such as Hong Kong, Korea, Abu Dhabi, and the United Kingdom, companies are designing financial structures centered around Bitcoin." He further emphasized, "It has been proven in the long term that the strategy of incorporating Bitcoin into balance sheets is extremely popular."

He also described Bitcoin as "digital capital and the most explosive idea of the era," adding, "Even at this very moment, Bitcoin ambassadors are planting orange flags across the world."

Recently, Trump Media and GameStop each announced plans to purchase Bitcoin, worth $2.5 billion and $500 million, respectively. Tether, SoftBank, and Strike's Jack Mallers have established a new company, 'Twenty One,' which holds about 42,000 Bitcoins. Saylor evaluated, "These moves are more than just simple financial strategies and are a sign that the paradigm of global corporate finance is shifting."

However, Wall Street's reactions are mixed. Trump Media's stock price fell by more than 20% after the news of its Bitcoin acquisition plan, and GameStop dropped by nearly 17%.

The outlet reported, "Market participants are still not convinced whether these companies can become a 'second Strategy.'"

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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