Billion technologies Peter Thiel and Michael Saylor are established by tax cryptographic companies, but some financial observers note that their strategies can be a significant risk.

Both Thiel and Saylor poured significant capital into cryptocurrencies through their companies and investment vehicles: Saylor, with Bitcoin Strategy Force Bitcoin (BTC) companies, and Thiel, through Venture Capital investments in cryptocurrency companies and its exchange, Upuls, which was public at the beginning of August.

Each of them not only tries to expand their resources, but also the way of shaping and regulating the cryptocurrency industry. But there are still significant differences in their relevant strategies and perspectives regarding cryptocurrencies, and companies that have decided to create cryptographic Treasuries may invite the “death spiral” after price failure.

Thiel and Saylor have various cryptocurrency investment strategies

Michael Saylor, co -founder and president of the strategy of Software (formerly Microstrategy), created waves in the financial world through “infinite cash defect”.

The “defect” refers to the Strategy approach to buy Bitcoin, in which she issued stocks or capital securities to buy Bitcoin, and then keeps assets in the balance sheet.

Usually, spending more capital devals the price of shares, but huge Bitcoins purchases boost the price of BTC, and then increasing the valuation of the strategy and enabling it to spend more debt.

And the cycle continues.

The strategy was so effective in the strategy that it gained many imitators. The term “bitcoin fiscal company” is becoming more and more common in the financial world, with 174 public companies supposedly public companies holding Bitcoin, according to bitcointreasurys.net.

Saylor’s cryptographic strategy focuses only on bitcoins, namely, gathering the largest part of the cryptocurrency, as is possible, and contains almost metaphysical resource characteristics.

In 2020 he wrote That Bitcoins “is the swarm of cybernerets serving the goddess of wisdom, feeding on the fire of truth, exponently growing more and more smarter, faster and stronger behind the wall of encrypted energy.”

In a speech at the Bitcoin Policy Institute in March Saylor he said Bitcoin was a “Newtonian network”, whose control was necessary to maintain global power.

In addition, he suggested that the aggressive strategy of collecting bitcoins from the US government may erase public debt and suggested In other interviews, the National Bitcoin reserve is “manifesting the destiny of the United States.”

Thiel’s strategy, although less breakthrough, is more diverse. In February 2025, Funds Fund, VC company, co -founded by Peter Thiel in 2005, which supported companies such as SpaceX, Palantir and Facebook, invested $ 100 million in Bitcoin and another $ 100 million in Ether (ETH).

Which cryptographic investment strategy will prove to be more effective in the long run:

A) only the Bitcoins of Michael Saylor
B) the varied strategy of Peter Thiel

Share your thoughts in the comments 👇👇👇

– Cointelegraph (@Cointelegraph) August 26, 2025

The founding fund has 7.5% Ethzilli, a biotechnology company, which has transformed into an ether investment vehicle, as well as 9.1% of share in technologies immersed in Bitmine, which founders have helped collect USD 250 million in ETH.

Thiel also supported the cryptocurrency exchange, which made public on August 19, receiving a quote worth $ 1.15 billion, settled in several stableleins, including USDC (USDC) and PayPal USD (Pyusd).

It is clearly invested in the space of cryptocurrencies and is an optimist as to its growth, but Thiel also showed more measured skepticism, especially in terms of bitcoins. Far from the “cyberrnery swarm of Saylor serving the goddess of wisdom”, Thiel earlier He wondered Is the assets not at least “part of the Chinese financial weapon against the USA”.

“Fiat Money threatens, but especially threatens the American dollar, and China wants to do things to weaken it, so that China is long bitcoins, and the geopolitical perspective of the US should ask more difficult questions about exactly how it works.”

In brief, Thiel’s approach offers more cautious and varied exposure to cryptocurrencies, while Saylor adopts an aggressive, direct exposure, strategy for everything to a bit.

Bitcoin tax companies are growing: is it a bubble?

The cryptographic industry may soon find out which strategy will win. In recent weeks, the Bitcoin treasury model, which Saylor supported, is losing a couple.

The thesis of the “Lift capital, convert to Bitcoin and wait for recognition” can be quite elementary, but makes the company susceptible to notorious volatility of bitcoin markets.

If the price of BTC falls too close to Bitcoin metrics per share or value of net assets (NAV), company shares, shares lose the valuation buffer, which was to reduce the price of shares.

This can lead to the alleged “spiral of death”, in which, along with the shrinking of capital on the company market, also its access to capital. Without anyone buying equity or any lenders, the company cannot expand its resource or refinancing existing debt. In the case of maturation of a loan or a margin, forced liquidation will take place.

NAV Strategy CLockes at a price 1.4 times higher than the price of shares. In February it was almost twice as high as the price of shares, when professor Finance University Carnegie Mellon Bryan Routledge he said Fortune: “There is no rational explanation for this difference.”

That is why strategic investors face the risk not only of Bitcoin prices, but “whatever drives this difference between the net asset value and the price of shares … This additional component is an additional source of risk.”

In recent weeks, the price of a strategic campaign has dropped with BTC, but BTC Saylora buyers are still unchanged. The company bought 3,081 BTC for 356.9 million dollars during the week ending on August 24.

The market conditions can be relatively stable for now, and the policy from the White House remains strongly pro-war. But Crypto winter always comes, and when they do this, the market will see which strategy will survive.

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