~snip~
The challenge for those companies which are latecomers compare to Strategy, is they will have to buy bitcoin at higher prices and by creating purchase demand as well as hype on the market, they boost the price up that have kind of negative impacts on their entries and corresponding needed budget for acquiring bitcoin. It's big disadvantage of latecomers but I believe Strategy is not like an unbeatable Bitcoin institutional investor.
You could say they're a little late to the party, but that doesn't mean they won't try to have fun, given that they have the desire and the means to do so. A lot of money is sitting, let's say
"unused", and it is about hundreds of billions of dollars (or even trillions) that are just waiting for the right opportunity, and the only question is whether BTC will attract their attention.
I think there are a lot of
"rich" people who think
"if I didn't buy BTC at $1000, I'm definitely not going to buy it now at $100k because that would be a stupid move." Of course, not everyone thinks so, but some will never come to terms with the fact that they fell under the influence of people like Warren Buffett and the like who have had a very negative opinion about BTC for more than 10 years - and they still think the same today.