Saylor Backs Rival Firm Strive, Predicts $120 Trillion Bitcoin Boom
Michael Saylor, Executive Chairman of Strategy Inc., expressed support for rival firm Strive (ASST) in a recent post on X. He stated that he wants well-run digital credit companies like Strive to succeed and thrive.
Saylor noted that when public companies buy and hold Bitcoin for their treasuries, it creates continued demand for the cryptocurrency's fixed supply. This endorsement by Saylor has resulted in both MSTR and ASST stocks to tick up around 2% today.
Strategy and Strive use a similar plan by raising cash from stock buyers to buy Bitcoin. Strategy holds 847,666 Bitcoin (worth around $70.4 billion), making it the largest corporate holder on public markets. Strive holds 27,462 Bitcoin, ranking as the fifth-largest public corporate holder.