Richard Byworth, a partner at Syz Capital and adviser at Jan3, suggests that Michael Saylor's firm, Strategy, should significantly increase its Bitcoin purchases by utilizing cash-rich companies instead of traditional over-the-counter (OTC) buying methods. Byworth argues that as the supply of Bitcoin on exchanges diminishes, adopting a 'super aggressive' and 'super careless' buying strategy could effectively drive up the price of Bitcoin. He emphasizes that Strategy's main focus should be on its multiple of net asset value (mNAV) rather than the price of Bitcoin itself. Byworth also mentions potential opportunities in Japan, where many 'zombie companies' hold substantial cash reserves. He proposes acquiring these companies to quickly convert their cash into Bitcoin, emulating strategies from Japanese investment firms like Metaplanet. At the time of publication, Bitcoin was trading at $94,680, having dropped from its all-time high of $109,000 earlier in the year, with Byworth's remarks aiming to highlight the benefits of aggressive buying in a tightening market.

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