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Companies like GameStop and Trump Media have unveiled bitcoin buying strategies but they re not getting the same kind of rehabilitation as Michael Saylor s company Saylor says there s been an explosion of interest in companies purchasing bitcoin Over the long term bitcoin on the balance sheet has proven to be extraordinarily popular Saylor explained CNBC LAS VEGAS The bitcoin treasury play that lifted Strategy s domain cap past billion is now being mimicked by meme stock companies media firms and multinational conglomerates But Wall Street isn t buying all the hype This week Trump Media informed plans to raise billion to buy bitcoin and GameStop revealed a million allocation Meanwhile Tether SoftBank and Strike s Jack Mallers unveiled Twenty One a bitcoin-native masses company expected to launch with more than bitcoin on its balance sheet enough to make it the third-largest corporate holder of the asset globally For now the region doesn t see the next Strategy in any of them Trump Media shares have dropped more than since the announcement while GameStop is down nearly Strategy formerly known as MicroStrategy has multiplied by times since the end of amassing a bitcoin stake worth over billion Maybe the sphere sought them to buy more bitcoin stated Strategy Chairman Michael Saylor in an interview at Bitcoin in Las Vegas But these are short-term dynamics Over the long term bitcoin on the balance sheet has proven to be extraordinarily popular Saylor called Trump Media s move courageous aggressive and intelligent and revealed the flood of similar announcements marks a global shift in corporate finance Everywhere I go at this conference someone says you know I m working on a bitcoin treasury company in Hong Kong I m doing this thing in Korea I ve got this thing I m working on in Abu Dhabi We re going to do this in the Middle East you know we ve got this in the U K he stated There s an explosion of interest right now Saylor declared bitcoin ambassadors are planting the orange flag everywhere on earth What began as a fringe financial maneuver is expeditiously becoming a geopolitical race Under the Biden administration corporate bitcoin adoption was often treated as a regulatory red flag But under President Donald Trump the tone has changed In March Trump signed an executive order establishing a U S Strategic Bitcoin Reserve instructing federal agencies to treat bitcoin as a long-term store of value The reserve will be funded entirely through bitcoin seized in criminal and civil forfeiture cases according to White House Crypto and AI Czar David Sacks The order also empowers the cabinet to explore additional budget-neutral mechanisms for acquiring more bitcoin For the first time the federal cabinet will conduct a full audit of its digital asset holdings at this moment estimated at more than bitcoin The order explicitly prohibits the sale of any bitcoin from the reserve cementing its role as a permanent sovereign asset No force on Earth Vice President JD Vance this week became the first sitting vice president to address the bitcoin population directly framing crypto as a hedge against inflation censorship and unelected bureaucrats And in a further move to boost bitcoin the Department of Labor rolled back guidance that had discouraged bitcoin investments in retirement plans No force on Earth can stop an idea whose time has come Saylor explained Bitcoin is digital capital and maybe the majority explosive idea of the era Certain corners of the corporate world are still resistant Late last year Microsoft shareholders rejected a proposal to use several of the solution company s massive cash pile to follow Saylor s lead In a video presentation supporting the effort Saylor stated investors that Microsoft can t afford to miss the next tool wave While Strategy has reaped the rewards of early adoption Saylor suggested the field s cooler reaction to Trump Media and GameStop may stem more from structural financing dynamics than from skepticism toward bitcoin itself He pointed to GameStop s initial announcement that it was considering a bitcoin strategy which led to a pop in the stock and tenfold increase in trading volume The company briskly capitalized on the momentum with a billion convertible bond raise a move he described as extraordinarily triumphant Trump Media took a similar approach raising capital through a large convertible bond offering Saylor revealed those financing methods can create short-term downward pressure but that over time investors will benefit When it comes to Strategy Saylor noted there s no ceiling to his bitcoin accumulation plans His company is already by far the largest corporate holder of the cryptocurrency We ll keep buying bitcoin he stated CNBC We expect the price of bitcoin will keep going up We think it will get exponentially harder to buy bitcoin but we will work exponentially more efficiently to buy bitcoin For critics who worry that state and media actors embracing bitcoin will undermine its decentralized ideals Saylor argues the opposite The framework is very anti-fragile and there s a balance of power here he mentioned The more actors that come into the ecosystem the more diverse the more distributed the protocol is the more incorruptible it becomes the more robust it becomes and so that means the more trustworthy it becomes to larger economic actors who otherwise would be afraid to put all of their economic weight on the grid WATCH Bitcoin heads for winning month despite return of pact war fears CNBC Crypto World