Michael Saylor, founder of Strategy (formerly MicroStrategy), acknowledges that investors in the company trust dollar reserves more than Bitcoin as collateral. This preference for cash highlights Wall Street’s persistent skepticism toward digital assets despite massive BTC purchases by the firm. Strategy reportedly made changes to its structure to restore the $100 par value on its securities. This situation underscores the gap between the company’s aggressive Bitcoin accumulation strategy and institutional investor expectations. Trust in the dollar remains a major obstacle to broader institutional Bitcoin adoption.
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