#Strategy Holds 671K
$BTC as Rivals Face Catch-Up Challenge
Strategy owns 671,268
$BTC valued at approximately $58.61 billion, representing 3.2% of the total 21 million supply. The company announced Monday it acquired 10,645
$BTC for $980.3 million at an average price of $92,098 per coin.
Bitcoin entrepreneur Anthony Pompliano said it would be very difficult for any public company to match Strategy's #Bitcoin position. He noted the company has been accumulating
$BTC for years, creating a substantial lead over potential competitors.
Strategy's initial purchase in 2020 totaled around $500 million when
$BTC traded between $9,000 and $10,000. That original investment alone is now worth over $4.8 billion with Bitcoin currently #trading at $86,578.
Pompliano explained that matching Strategy's holdings would require raising hundreds of billions of dollars. Any company attempting to catch up would need either extraordinary capital access or a business generating massive cash flows, he said on The Pomp Podcast published Tuesday.
