Michael Saylor Considers Competition Copying Strategy’s Bitcoin Playbook Mutually Beneficial: ‘The More Companies That Join, The Better It Is’
Strategy Inc. (NASDAQ:MSTR) executive chairman Michael Saylor expressed optimism about the growing adoption of the Bitcoin standard among businesses on Thursday.
What Happened: During the company’s first-quarter earnings call, Saylor described the growing trend of companies buying Bitcoin (CRYPTO: BTC) for their treasury as a “virtuous cycle” and a “mutually beneficial competition.”
Saylor was asked about his views on other corporations aping Strategy’s playbook and how the firm aimed to retain its pioneering status in this area.
“The more companies that adopt the Bitcoin standard, the more legitimizing it is,” Saylor said. “As more companies adopt the Bitcoin standard, they’re out there educating equity investors, and that brings more equity capital to the market.
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The Bitcoin bull stressed that the entry of more companies will make …
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