Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), outlined his vision of Bitcoin as a tool to convert economic energy into digital form. The company now holds 840,447 BTC, representing 4% of Bitcoin’s total supply, valued at $64.9 billion. Strategy posted a net unrealized gain of $1.4 billion thanks to the recent Bitcoin price surge. Its Digital Credit sector, worth $13.37 billion, uses Bitcoin as collateral to issue tokenized obligations. When the STRC token fell below par this summer, Strategy used fiat reserves to repurchase the obligations and bring STRC back to $96.22.
Source: Read the original article
