He proposed a more aggressive way to accumulate cryptocurrency through the purchase of so-called "zombie companies" with large funds on the balance sheet. In his opinion, this will help speed up the process of increasing bitcoins, as well as raise the rate of the digital asset itself.
Richard Byworth, who works at the financial company Syz Capital, suggested that Saylor invest in companies that have a small capitalization on the stock markets, but at the same time have significant money in their accounts. Byworth noted that such companies most often generate a steady flow of capital, but their business is unlikely to attract the attention of investors. He suggested using these funds to buy bitcoins, which will contribute not only to the growth of the cryptocurrency, but also to an increase in the value of the companies themselves.
Japanese companies have become an example for such a strategy. One of the most notable cases is Metaplanet, which was almost “dead” on the stock market for a long time. However, after the company started buying bitcoin, its shares rose by more than 1,300% in a year. A similar situation could happen to other Japanese companies if Strategy follows these tips.
According to Byworth, buying such companies that are undervalued on the stock markets could be a profitable investment for Strategy. Instead of just accumulating bitcoin, Saylor will be able to profit from the growth in the price of these companies, which will also create additional capital for further purchases of the cryptocurrency.
In addition, Richard suggested a more radical step: to start buying bitcoin “recklessly” and en masse. In his opinion, Michael Saylor should do this on the spot market, and not through over-the-counter transactions, in order to reduce the stock of bitcoin on platforms as much as possible. This, in turn, could lead to a supply shortage and a significant increase in the price of bitcoin. Byworth is confident that such actions will lead to a positive impact on the price of the digital currency in the long term.
Thus, Byworth's strategy can not only accelerate the accumulation of cryptocurrency, but also significantly affect the financial position of Michael Saylor's company.