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Michael Saylorthe president of Strategy, explained that the company is don’t try to buy other businesses that hold Bitcoin
BTC
$109,383.49
on their balance sheets.
He mentioned uncertainty and long processing times as the main reasons to curb acquisitions.
talk during Strategy’s Q3 earnings callSaylor noted that potential mergers or acquisitions often take several months to complete. During this time, market conditions may change, making a deal less attractive than it initially seemed.
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He said that it is not unusual for a good opportunity to lose its value as circumstances evolve.
Although Strategy is not actively pursuing such offers, Saylor has not completely closed the door. He said that the company is does not completely rule out future acquisitions, but focuses on a different approach at the moment.
That includes selling digital credit, strengthening the balance sheet, and continuing to build its Bitcoin reserves. He emphasized the importance of sharing this plan clearly with lenders and shareholders.
CEO Phong Le added that the acquisition of companies, both in software and Bitcoinit is rarely simple. He pointed out that buyers often discover unexpected problems after the fact.
According to Le, this risk applies as much to Bitcoin treasury companies as it does to software companies.
The value of Bitcoin held by Strategy recently reached a new high. How much was it? Read the full story.
