{"id":170478,"date":"2025-09-12T18:48:47","date_gmt":"2025-09-12T15:48:47","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=170478"},"modified":"2025-09-12T18:52:19","modified_gmt":"2025-09-12T15:52:19","slug":"wall-streets-angle-angel-investor-warns-on-strategy-as-bitcoin-proxy-faces-crossroads","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/wall-streets-angle-angel-investor-warns-on-strategy-as-bitcoin-proxy-faces-crossroads\/","title":{"rendered":"Wall Street\u2019s Angle: Investor Warns on Strategy as Bitcoin Proxy Faces Crossroads"},"content":{"rendered":"

In a recent post<\/a>, Calacanis argued that Strategy\u2019s structure lacks advantages over holding Bitcoin itself and suggested that its equity should trade at a discount to net asset value. His remarks extend a long-running feud with Michael Saylor\u2019s Bitcoin treasury giant, raising questions about whether Strategy remains a superior vehicle for crypto exposure.<\/p>\n

A Corporate Giant Built on Bitcoin<\/h2>\n

Strategy has evolved into one of the world\u2019s largest corporate Bitcoin holders, redefining itself far beyond its origins as a software company. By mid-2025, the firm had amassed over 638,460 BTC, a treasury acquired for $47.17 billion at current market prices. This immense position dwarfs the scale of its traditional operations, with annual software and analytics revenue totaling less than $500 million.<\/p>\n

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Strategy has acquired 1,955 BTC for ~$217.4 million at ~$111,196 per bitcoin and has achieved BTC Yield of 25.8% YTD 2025. As of 9\/7\/2025, we hodl 638,460 $BTC<\/a> acquired for ~$47.17 billion at ~$73,880 per bitcoin. $MSTR<\/a> $STRC<\/a> $STRK<\/a> $STRF<\/a> $STRD<\/a>https:\/\/t.co\/uDirtGFwiE<\/a><\/p>\n

\u2014 Strategy (@Strategy) September 8, 2025<\/a><\/p><\/blockquote>\n