Strategy Buys More Bitcoin, Says “Quantum Threat Is Just an Excuse”

▲ Photo = Michael Saylor X image

Bitcoin whale Strategy has continued its aggressive accumulation strategy, purchasing a large amount of Bitcoin (BTC) despite market concerns over the threat of quantum computing.

According to crypto media outlet CoinGape on Feb. 17 (local time), Strategy Chairman Michael Saylor announced that the company recently acquired an additional 2,486 BTC. The purchases were made between Feb. 9 and Feb. 15 at a total cost of approximately $168.4 million. Strategy funded the transaction using proceeds secured through the sale of its own shares.

The latest purchase has drawn market attention as it comes amid warnings from investor Kevin O'Leary about the potential threat of quantum computers. O'Leary cautioned that advances in quantum computing could undermine blockchain encryption systems, posing long-term risks to Bitcoin. However, Saylor dismissed such concerns and continued expanding the company’s reserves. Strategy now holds a total of 717,131 BTC, with a cumulative purchase value of $54.52 billion.

Saylor has consistently expressed confidence in Bitcoin’s durability as a store of value, maintaining that technological advancements will complement rather than threaten the Bitcoin ecosystem. In its recent earnings announcement, Strategy also revealed that it had launched a Bitcoin security program designed to address potential quantum computing threats. Saylor expects that it will still take several years before any real quantum threat materializes.

In contrast to some institutional investors who are reportedly limiting Bitcoin exposure to less than 3% of their portfolios due to quantum concerns, Saylor has sent a strong message of confidence to the market by recording weekly purchases for eight consecutive weeks. The latest acquisition marks Strategy’s 99th Bitcoin purchase since adopting the cryptocurrency as a reserve asset in 2020. Analysts suggest that the company’s direct accumulation of Bitcoin has also contributed positively to market liquidity and price support.

Ultimately, Strategy’s actions illustrate a new economic paradigm in which Bitcoin is treated not merely as a digital asset but as a core corporate capital asset. Despite the risks associated with technological progress, the company continues to concentrate its investments on Bitcoin’s unique scarcity and network effect. As companies worldwide reconsider their asset management strategies, attention is focused on whether the strong conviction demonstrated by Saylor and Strategy could become a new standard in the digital asset market.

Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.