# Strategy's Future Depends on Bitcoin Becoming a Real Currency Jeff Booth argues that Bitcoin must evolve beyond being just a financial instrument. - **Source:** [CryptoPotato](https://brifing.si/source/bd22636b-ec8d-42a8-8cca-1937c50e0f6c) - **Published:** 2026-08-17 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/59f46839-669d-4cee-93c3-44f81b266896 ## Why Bitcoin Becoming Money Matters Jeff Booth argues that Bitcoin must move beyond being just a financial instrument. According to Booth, Bitcoin's transformation into a real currency is crucial for Strategy's long-term success. Without this shift, the company could face a different outcome. Booth emphasizes that Bitcoin needs to develop both as an asset and as a currency. ## The Risk of Government Intervention Booth suggests that if Bitcoin remains solely a financial instrument, Strategy could face government intervention. In this scenario, the company's value would remain tied to the underlying asset, creating uncertainty. Booth believes Bitcoin's emergence as a currency offers an alternative path. ## The Future of Bitcoin Treasury Companies Booth expresses doubts about the long-term viability of Bitcoin treasury companies. Recalling investment pitches for nine BTC treasury companies at Bitcoin Vegas, Booth argues that many lack a clear business plan beyond accumulating cryptocurrency. He believes companies should generate cash within the existing economy and save a portion in Bitcoin. ## Criticism of Bitcoin Yield Products Booth also criticizes Bitcoin yield products. He argues that offering high interest rates in exchange for users relinquishing self-custody could recreate the financial structure Bitcoin was meant to challenge. Booth believes such products contradict Bitcoin's original logic. ## Strategy's Recent Bitcoin Moves On August 10, Strategy sold 1,690 BTC for $108.6 million, using the proceeds to buy back 1.15 million STRC preferred shares. Additionally, the company sold 6.59 million MSTR shares, raising $653.1 million and increasing its cash reserve to over $4.6 billion. Strategy's total BTC holdings have decreased to 840,447, purchased at an average price of $75,385. ## CEO's Statements Strategy CEO Phong Le stated on August 12 that the company plans to resume Bitcoin purchases by the end of the year. Le described recent sales as a pause rather than a change in direction. The company bought approximately 175,000 BTC in 2026 and sold around 7,000, which Le referred to as a 25-times net buyer. ## STRC Share Performance STRC preferred shares have rebounded from lows near $75 but remain below their $100 par value, closing near $95 last Friday. Share performance appears directly linked to the company's Bitcoin strategy, with investors closely monitoring these moves. ## Bitcoin's Future and Strategy Jeff Booth's analysis offers important insights into Bitcoin's future and Strategy's role in it. Booth argues that if Bitcoin gains acceptance as a currency, Strategy could become one of the world's most valuable companies. This scenario could redefine Bitcoin's role in the financial system and change how companies approach digital assets. ## Sources covering this story - https://cryptopotato.com/strategys-future-hinges-on-bitcoin-becoming-a-real-currency-jeff-booth/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._