The more Strategy is successful in making other firms follow their footsteps, the more successful they will be.
We are going to see with XXI capital, but already others have followed in Strategy's footsteps, yet the scale of their operations is negligible.
Every purchase of those companies will benefit Strategy the most, in the end.  

Another company that started their Bitcoin treasury strategy is Strive, ticker ASST, which I think has this ticker because the former name was Asset Entities, so im not sure if they will change the ticker too. I think 21 Capital also had another ticker before. Well it's up %1230:

https://www.thestreet.com/crypto/markets/stock-jump-after-bitcoin-treasury-merger

These news of %1100 are already outdated. So we are seeing this works in getting your company free marketing, and if you have a good product you will have customers to stick around, this is beside the benefits of having BTC instead of a ton of cash in your treasury.

Well this company did a %1200 like I said, so if anyone was able to get there before the rise then the performance was amazing. Of course that happens because the marketcap is smaller as well as the float. Another one that may have potential big gains ahead is the japanese Metaplanet one, but not as big since they already had their initial run. Obviously long term Strategy will continue to lead and be the safest proxy, and we will see what 21 Capital has on their sleve to differentiate enough and get some money there that will most likely just go to Strategy. I will continue to be a shareholder in MSTR because they are the ones that have proven to survive the longest and have the biggest stack.

As long as they are doing the same its still good to see them doing their share to make Bitcoin a valuable asset since their accumulation also demand created gives good effects for Bitcoin.

By the way if people want to follow those companies and government institutions who hold Bitcoin they can see the list and their stats here https://bitcointreasuries.net/

Its so amazing to see that institutions investing on Bitcoin is growing and this is really a good sign that Bitcoin future is promising.

Metaplanet Will Outperform MicroStrategy in Bitcoin Returns, Says Adam Back


Lol,  There is a huge difference between Metaplanet Company and MicroStrategy Company, but the courage that Metaplanet Company has taken is definitely positive for them. I think it is never possible to surpass Microstrategy Company in terms of Bitcoin holdings, but only by taking bold steps can Metaplanet Company move forward.
Right now, if we look at Microstrategy Holdings every week, we can definitely find a difference between the two companies, the amount of total Bitcoin holdings that Metaplanet Company has is several times more than the amount of Bitcoin holdings that MicroStrategy collects in a week.
Metaplanet Company has a total Bitcoin holding of 5555 Bitcoins and MicroStrategy Company has a total of 555450 Bitcoins. Here I only compared the amount of Bitcoin holdings.

More orange dots!

Strategy raised $1.34B via:
• $1.31B — 3.22M $MSTR shares (Common ATM)
• $25.1M — 274K STRK shares (STRK ATM)
🚀 Proceeds used to buy 13,390 BTC at an avg. price of $99,856/BTC
📊 Total Holdings:
• 568,840 BTC
• Avg. Purchase Price: $69,287/BTC
• Total Cost: $39.41B
BTC treasury scaling continues 📈
This strategy has resulted into MSTR/BTC gain of 300%.

https://x.com/roxom/status/1921900012675432936?t=VafbOv7VgNa2E_WtJNsLVQ&s=19



Buying Bitcoin whales and holding it is possible only for MSTR, which they are proving, they are buying Bitcoin weekly, this week they have been able to buy 13390 Bitcoins. And MSTR Company has been able to hold a total of 568840 Bitcoins, their next target will be to meet 1 million Bitcoins by buying Bitcoin step by step.
 If they keep buying Bitcoin step by step, they will definitely be able to reach the highest level through Bitcoin holding.

The point is that the more companies will race to buy bitcoins, the better for Microstrategy.
The more the competition, the higher the price for a single bitcoin, the better the situation for Strategy, that will post massive EPS due to rising valuations of thei stash.
This is pure marketing genius.
Yet dangerous game.

It seems to me that it appears dangerous, but it really is not as dangerous as it seems.. that is part of what makes it additionally genius.

Accordingly, MSTR has been playing this and largely showing their hands the whole time, and surely there may be some products that are more risky than others, but overall, Saylor and MSTR has been playing in ways that keep their debt in control.. pumping bitcoin using other people's money and then when the debt converts, then MSTR owns the bitcoin (and sure, whichever shareholders they have), which Saylor is the biggest shareholder, even though he has been allowing some of his position to dilute.. 


If whatever XXI is doing is better than MSTR, then MSTR will just include that approach to the extent that it might be actually superior... which I have my doubts about any new techniques that are even meaningfully superior rather than just perhaps a little bit superior, here and there.