Saylor says buying Bitcoin-focused rivals is ‘too risky’ for Strategy
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Business Intelligence firm Strategy’s executive chairman, Michael Saylor, said the company has no intention of acquiring other Bitcoin treasury firms because it could be “too risky” and distracting for management. Speaking during the company’s third-quarter earnings call on Thursday, Saylor told investors Strategy had “no current plans for M&A activity,” even if a potential deal might appear profitable at first. “Generally, we don’t have any plans to pursue merger and acquisition activity, even if it would look to be potentially accretive. There’s just a lot of uncertainty, and these things tend to stretch out six to nine months or a year. An idea that looks good when you start might not still be a good idea six months later,” he reckoned. The remarks were made during Strategy’s Q3 earnings broadcast on YouTube, where Saylor fielded questions from investors and analysts about the company’s Bitcoin strategy, and approach to capital allocation. No plans for M&A activity, says Saylor When asked about plans for Bitcoin treasury companies acquisitions by The Benchmark Company Equity Research Analyst Mark Palmer, Michael Saylor insisted the firm’s management was “laser-focused” on selling its existing credit instruments. “Our management team is focused on selling the four credit instruments that we have and expanding the reach of our digital credit instruments internationally,” he said. “We’re also focused on improving the quality of our balance sheet and equitizing convertible bonds.” Strategy Q3 Earnings call Zoom broadcast. Source: Strategy YouTube channel. He said that while some acquisitions could appear beneficial on paper, they carried unforeseen risks and could divert attention from the company’s main priorities. “Even if something looks potentially accretive, it might not turn out that way. It can be very distracting for the management team while you’re integrating or pursuing those things.” However, the 60-year old American entrepreneur did…
Filed under: News - @ October 31, 2025 10:26 am