Strategy's Scale Gives It Advantage Over Competitors, Says Economist

Economist Saifedean Ammous says that Strategy, Michael Saylor's Bitcoin treasury firm, has an advantage over competitors due to its scale and cash holdings.

Strategy holds 847,666 Bitcoin bought for $63.95 billion and also holds $5.02 billion in dollar reserves to use for preferred dividends and debt interest payments.

Ammous said that Strategy can raise funds at lower interest rates because it holds more Bitcoin, and that it has never come close to liquidation even in past downturns.