Saylor’s 5-Year Bitcoin Bet Redefined Crypto Industry, Pushing Top Cryptos Ahead
Today marks five years since Strategy’s Michael Saylor shifted the company’s focus to cryptocurrency by purchasing $250M worth of BTC, making it the world’s first Bitcoin treasury. Strategy has expanded significantly since Saylor’s initial move, now holding over $75B worth of BTC.
Saylor’s ballsy gamble paid off, but it hasn’t been a smooth ride. Since 2020, the crypto market has gone through some rocky spots, most notably the bankruptcy of crypto hedge fund FTX Trading.
During this bear market, Saylor’s team kept buying the dips and dollar-cost averaging based on Bitcoin’s future growth. Now, US adoption of $BTC has surged with both the announcement of the Strategic Digital Reserve and the GENIUS Act,…
