Analysis: Strategy May Transform into a "Bitcoin Bank" and Acquire Mining Companies to Reduce BTC Acquisition Costs

Currently, Strategy holds a large amount of Bitcoin, but its stock price premium reflects the market's expectation of its role as a "bitcoin bank." The company raises funds by issuing stocks and bonds to continuously purchase Bitcoin and plans to convert its balance sheet to a Bitcoin standard. Its business model is seen as one of the important paths to Bitcoin financialization. Analysts point out that in the future, Strategy, as a "bitcoin bank," may also acquire mining companies to reduce its Bitcoin acquisition costs. Such acquisitions may be more significant for the Bitcoin market than for the traditional gold market, as the domain knowledge required for Bitcoin mining and bitcoin banking is closer than that for gold mining and fiat banking.