Michael Saylor Supports Bitcoin Rival Strive, Citing Industry Growth

MicroStrategy Executive Chairman Michael Saylor says he wants rival Strive to succeed. He made the case in an essay on X on Wednesday.

Strive is a smaller company that also buys Bitcoin (BTC). MicroStrategy holds more of the asset than any other listed firm, which makes Saylor’s support for a competitor unusual.

Michael Saylor Says His Bitcoin Rival Makes Strategy Stronger

Both companies follow the same playbook. They raise money from investors and use it to buy Bitcoin.

MicroStrategy holds 847,666 BTC, more than any other listed company. Strive ranks fifth among public holders with 27,462 BTC, BitcoinTreasuries data shows.

“I want Strive to succeed. I want every well-managed issuer of Bitcoin-powered Digital Credit to succeed,” Saylor indicated.

In Saylor’s view, every coin Strive buys adds demand for an asset with a fixed supply. A higher price, he argued, would lift the value of both companies’ holdings.

Both firms also sell shares that pay investors a regular income. MicroStrategy calls its version STRC, while Strive calls its SATA.

Saylor wrote that more sellers could build investor trust and lower borrowing costs for all. Strive CEO Matt Cole agreed in a reply, saying the two firms are stronger together.