MSTR now has over 150k BTC in its coffers. This astronomical amount of BTC should be concerning to their competitors.
That’s because if there will be another bull run, competitors of MSTR will be at risk of becoming a hostile takeover target. There is however one great way for such companies to defend themselves: buy BTC as well, or at least get exposure.
Obviously this effect is not limited to MSTR. Companies operating in the Bitcoin space might soon wake up to the threat of becoming a takeover target by a competitor that’s hoarding BTC and decide to have BTC exposure as well in defence. This phenomenon might then start to spill over to adjacent industries.
In effect this would lead to companies getting exposure to BTC price as an insurance against competitors that create exposure as well.
Companies without any defenses will be trampled during next bull run.
Sooner or later the same phenomenon will play out but on a nation state level, unless BTC fails.
Edit: ticker is MSTR.
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