Saylor's Bitcoin Effect: Global Corporations Chase Treasury Strategy, But Premiums Evade Some

Corporations worldwide are increasingly adopting Bitcoin treasury strategies, inspired by Michael Saylor, the founder of Strategy (formerly MicroStrategy), the company with the largest known Bitcoin stack. This movement has led to a historic milestone: over 1 million Bitcoin are now held by publicly traded companies globally, representing more than 5% of the total Bitcoin supply. This marks a significant shift for an asset that was previously owned predominantly by individual enthusiasts.
Saylor’s pioneering Bitcoin Treasury playbook emerged as a solution to the
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