Krutika Adani
Richard Byworth suggests Strategy, led by Michael Saylor, should buy Bitcoin aggressively—even at the cost of market impact.
With BTC on exchanges drying up, aggressive buying could spike prices—and boost Strategy’s mNAV.
Byworth argues that “careless” buying may be the smartest move when liquidity is low, fueling Bitcoin’s price surge.
The exec points to Japan’s zombie firms as ideal targets for Strategy to acquire and convert their cash into Bitcoin.
Strategy’s real focus is growing its multiple of net asset value—price is secondary if it boosts shareholder returns.