MicroStrategy Should Adopt More Aggressive Bitcoin Acquisition Strategy, Says Crypto Executive

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Key Takeaways:

The Case for More Aggressive Bitcoin Purchases

According to Richard Byworth, Syz Capital partner and Jan3 advisor, MicroStrategy should consider adopting a "super aggressive" approach to Bitcoin acquisition. This comes as exchange supplies of Bitcoin continue to dwindle across major trading platforms.

👉 Why institutional Bitcoin accumulation matters

Byworth notes that MicroStrategy's current strategy under Michael Saylor has been fundamentally sound. However, he proposes that the company could further optimize its approach by:

  1. Moving beyond OTC (over-the-counter) purchases
  2. Acquiring companies with significant cash reserves
  3. Immediately converting acquired cash into Bitcoin

The Liquidity Factor

Market data from Fidelity Digital Assets indicates that Bitcoin supplies on exchanges are declining at an accelerating pace. This creates potential liquidity challenges that Byworth believes MicroStrategy could leverage:

"With reduced liquidity, perhaps you should try being super aggressive, super casual with purchases for a period—moving markets and driving prices up across the board."

Currently, MicroStrategy holds 553,555 BTC valued at approximately $52.48 billion (as of this article's publication date).

Strategic Advantages in mNAV Growth

The focus on market net asset value (mNAV) provides MicroStrategy with unique advantages:

Byworth emphasizes: "You can buy aggressively because doing so pushes up the price, massively increasing MicroStrategy's mNAV, which means any dilution becomes much more favorable."

Potential Acquisition Targets

Japan presents particularly interesting opportunities according to Byworth:

Metaplanet recently increased its Bitcoin holdings to over $400 million following a $28 million purchase in late April.

Current Bitcoin Market Context

At time of publication:

👉 Understanding Bitcoin market cycles

FAQ Section

Q: Why does Richard Byworth suggest changing MicroStrategy's Bitcoin acquisition strategy?
A: He believes more aggressive approaches could better capitalize on shrinking exchange supplies and maximize shareholder value through mNAV growth.

Q: What alternative Bitcoin purchasing methods does Byworth propose?
A: Beyond OTC purchases, he suggests acquiring cash-rich companies and converting their reserves to Bitcoin.

Q: How does MicroStrategy benefit from Bitcoin price increases?
A: Higher Bitcoin prices directly increase MicroStrategy's market net asset value (mNAV), creating shareholder value.

Q: What makes Japan an attractive market for this strategy?
A: Many Japanese companies hold substantial cash reserves while trading at low valuations—ideal targets for conversion to Bitcoin.

Q: Has any company successfully implemented this strategy?
A: Yes, Japanese investment firm Metaplanet has successfully executed this approach, accumulating over $400 million in Bitcoin.

Q: How much Bitcoin does MicroStrategy currently hold?
A: As of publication, MicroStrategy holds 553,555 BTC valued at approximately $52.48 billion.