MicroStrategy CEO Michael Saylor’s Bitcoin buying strategy could see a significant shift according to Richard Byworth, a partner at Syz Capital and Jan3 adviser. Byworth suggests that Saylor’s company should explore acquiring cash-rich companies to convert their cash reserves into Bitcoin rather than relying on over-the-counter purchases. He emphasizes the need for Strategy to consider an aggressive buying approach as the Bitcoin supply on exchanges continues to decrease. With Strategy currently holding 553,555 BTC, valued at around $52.48 billion, the potential impact of ramping up Bitcoin purchases could significantly benefit shareholders. Byworth proposes a “super aggressive” and “super careless” buying tactic to push prices higher and increase Strategy’s mNAV. Fidelity Digital Assets has reported a decline in Bitcoin supply on exchanges due to public company purchases, indicating a trend that Strategy could leverage. Byworth explains that Strategy’s focus should be on maximizing its mNAV rather than the immediate Bitcoin price, as it would ultimately benefit shareholders. He also highlights Japan’s pool of cash-rich “zombie companies” as potential acquisition targets for Strategy to swiftly convert cash into Bitcoin, similar to the strategy employed by Japanese firm Metaplanet. Metaplanet recently bolstered its Bitcoin holdings to over $400 million through strategic acquisitions. As Bitcoin currently trades below $100,000, Byworth’s recommendations align with the evolving market conditions and the potential for Strategy to enhance its Bitcoin holdings in a strategic manner.