Analysis: Strategy may be positioned to transform into a "bitcoin bank" and acquire mining companies to reduce BTC acquisition costs

Strategy currently holds a large amount of bitcoin, but its share price premium reflects market expectations for its role as a "bitcoin bank" by issuing stocks and bonds to raise funds to continue buying bitcoin and plan to convert its balance sheet to bitcoin standard. Its business model is seen as one of the important paths to the financialization of bitcoin.
The analysis pointed out that Strategy, which acts as a "bitcoin bank" in the future, may also acquire mining companies to reduce its bitcoin acquisition costs. Such acquisitions may make more sense for the bitcoin market than for the traditional gold market, because the domain knowledge required for bitcoin mining and bitcoin banking is closer to that of gold mining and fiat banking.