Strategy’s scale, liquidity and continued accumulation strengthen its position among Bitcoin treasury companies, according to economist and The Bitcoin Standard author Saifedean Ammous. Strategy holds 847,666 BTC acquired for $63.95 billion and reported a $5.02 billion U.S. dollar reserve for preferred-stock dividends and debt interest. The company raised STRC’s annual dividend to 12%, repurchased shares, sold some Bitcoin to fund payments and buybacks, and resumed accumulation by purchasing another 1,665 BTC. Bitcoin held near $84,500 as US spot Bitcoin ETFs attracted approximately $2.4 billion during the week ending September 25, while Citigroup raised its 12-month Bitcoin target from $82,000 to $113,000. Ammous expects more cash-generating businesses to adopt Bitcoin as a reserve asset, favors direct Bitcoin ownership over investing in Strategy, and said Bitcoin may have already bottomed, although another crash remains possible. He estimated a roughly $200,000 Bitcoin price for 2030 based on the power-law model but cautioned that he would not bet on it.