Strategy Rejects Bitcoin Mergers, Focuses on Global Credit Expansion
Michael Saylor, Strategy Chairman, announced that the company is not currently interested in acquiring other Bitcoin treasury firms due to potential delays and risks associated with mergers and acquisitions (M&A).
- Strategy prefers to focus on digital credit issuance, balance sheet strengthening, and Bitcoin acquisition.
- The company's transparent financial model and clear Bitcoin accumulation strategy allow for straightforward performance assessments.
- Strategy reported a net income of $2.8 billion in Q3, reversing a $340 million loss from the previous year, mainly due to gains in its $69 billion Bitcoin stockpile.
- Despite profitability, the company's stock has dropped by about 45% since November 2024, although its legacy software division revenue increased by 11% to $128.7 million.
Global Expansion Plans
- Strategy aims to expand its credit offerings internationally, including products like STRC, STRD, STRF, and STRK.
- Saylor indicated a slight possibility for future acquisitions, but the main focus remains on selling digital credit and purchasing Bitcoin.
Saylor predicts Bitcoin could reach $150,000 by the end of 2025, driven by regulatory clarity, acceptance of tokenized assets, and reduced global trade tensions.