It's Believed That Buying Bitcoin Will Be More Difficult

Buying Bitcoin Will Be More Difficult

Saylor Sparks Bitcoin Revolution... Wall Street Watching with Concern!

The Bitcoin strategy that has boosted Strategy's market cap to over $80 billion is now being followed by traditional equity firms, media companies, and multinational conglomerates. But Wall Street isn't buying all the hype.

Last week, Trump Media announced plans to raise $2.5 billion to buy Bitcoin, and GameStop revealed a $500 million allocation. Meanwhile, Tether, SoftBank, and Strike founder Jack Mallers unveiled TwentyOne, a Bitcoin-based public company expected to launch with over 42,000 Bitcoin on its balance sheet, enough to make it the third-largest holder of the asset globally.

"The market probably wanted them to buy more Bitcoin," Strategy CEO Michael Saylor said in an interview at the Bitcoin 2025 conference in Las Vegas. "But that's a short-term dynamic. Over the long term, Bitcoin on the balance sheet has proven to be exceptionally popular," according to CNBC.

Saylor described Trump Media's move as "brave, bold, and smart," and said the flurry of similar announcements represents a global shift in corporate finance. "Everywhere you go, you'll hear people say, 'I'm starting a Bitcoin treasury company,'" he said, whether it's in Hong Kong, Korea, Abu Dhabi, or the UK. "There's a lot of interest right now."

What began as a marginal financial maneuver quickly escalated into a geopolitical race. Under the Biden administration, corporate adoption of Bitcoin was often seen as a regulatory red flag. But under President Donald Trump, the situation has changed.

In March, Trump signed an executive order establishing a U.S. strategic Bitcoin reserve, directing federal agencies to consider Bitcoin a long-term store of value. The reserve will be fully funded by Bitcoin seized in criminal and civil forfeiture cases, according to David Sachs, the White House's chief cryptocurrency and artificial intelligence officer. The order also enables the government to explore additional budget-neutral mechanisms to acquire more Bitcoin.

For the first time, the federal government will conduct a full audit of its digital asset holdings, currently estimated at over 200,000 Bitcoin. The order explicitly prohibits the sale of any Bitcoin from the reserve, further cementing its role as a permanent sovereign asset.

Nothing Stops It

Last week, Vice President J.D. Vance became the first sitting vice president to directly address the Bitcoin community, describing cryptocurrencies as a hedge against inflation, censorship, and "unelected bureaucrats." In another move to boost Bitcoin, the Department of Labor reversed guidance that had discouraged Bitcoin investments in retirement plans.

Saylor said, "No force on earth can stop an idea whose time has come. Bitcoin is digital capital, and perhaps the most explosive idea of ​​our time."

Some sectors of the corporate world are still resisting. Late last year, Microsoft shareholders rejected a proposal to use some of the software company's massive cash flow to follow Saylor's approach. In a video presentation supporting the effort, Saylor told investors that "Microsoft cannot afford to miss the next wave of technology."

While Strategy has reaped the rewards of its early adoption, Saylor suggested that the market's sluggishness toward Trump Media and GameStop may stem more from structural financing dynamics than from skepticism about Bitcoin itself.

He pointed to GameStop's initial announcement of its consideration of a Bitcoin strategy, which led to a 50% surge in its stock price and a tenfold increase in trading volume. The company quickly capitalized on this momentum by raising $1.5 billion in convertible bonds—a move he described as “extraordinarily successful.” Trump Media followed a similar approach, raising capital through a large convertible bond offering.

Saylor said these financing methods may cause short-term downward pressure, but investors will benefit over time. Regarding Strategy, Saylor said there is no ceiling on his plans to accumulate Bitcoin. His company is already the undisputed largest holder of the cryptocurrency.

“We will continue to buy Bitcoin. We expect the price of Bitcoin to continue to rise,” he told CNBC. “We believe it will become significantly more difficult to buy Bitcoin, but we will work much more efficiently to buy it.” To critics who fear that the adoption of Bitcoin by governments and the media will undermine its decentralized principles, Saylor argues the opposite.

He said: "The network is highly resistant to fragility, and there is a balance of power here. The more players in the ecosystem, the more diverse and distributed the protocol becomes, and the more resilient and robust it becomes. This means it becomes more trusted by major economic players who would otherwise be afraid to put all their economic weight on the network."