Ross Gerber Replaces Bitcoin With Gold In Michael Saylor's Strategy To Make A Point: 'This Actually Costs Money And Destroys Value'

Group 1 - Renowned investor Ross Gerber criticized Strategy Inc.'s model of holding Bitcoin, suggesting a similar model for gold purchasing [1][2] - Gerber proposed a public company that would buy gold, allowing investors to purchase shares at a "1.5x premium" to the gold's value, paralleling Strategy's shares trading at a premium to its Bitcoin value [2][3] - Gerber expressed skepticism about the sustainability of leveraged exposure in both gold and Bitcoin, indicating that the business model may not be viable [4][5] Group 2 - Strategy Inc., led by Michael Saylor, announced a $1.44 billion buffer to cover dividends and interest without relying on Bitcoin sales during downturns, reflecting concerns about its business model [5][6] - The company currently holds 650,000 BTC at an average price of $74,436, with Saylor admitting the possibility of selling Bitcoin if shares trade at a discount to its underlying holdings [6] - Market expert Jim Cramer suggested that Saylor might be attempting to "engineer a squeeze of a lifetime," countering his own claims about the company's resilience during significant drawdowns [7]