Andrew Webley, CEO of The Smarter Web Company, said in an interview with Stephen Livera that Bitcoin treasury companies amplify price volatility in both directions. Strategy purchased 334 BTC for $28.7 million, bringing its holdings to 848,000 BTC with nearly $64 billion invested at an average price of $75,441. Strive acquired 2,000 BTC for $169 million at an average price of $84,422, totaling 29,462 BTC in its treasury. Strive CEO Matt Cole projected that Bitcoin could reach $400,000 to $500,000 by late 2029. Bitcoin is currently trading around $86,000, down 32% from its all-time high of $126,000.
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