Michael Saylor Says Bitcoin Treasury Firms Buy 1.6 Times Miner Output, Creating Supply Shock
Strategy's Michael Saylor said bitcoin treasury companies are buying BTC at 1.6 times the amount miners produce, creating a supply shock. According to Odaily, Saylor said rising demand for BTC is pushing prices higher and improving the companies' credit and equity positions, enabling them to raise more funds and buy more BTC. He described the companies as cooperating in a virtuous cycle rather than competing with one another.