- MicroStrategy possesses over 252,000 Bitcoin, making it the largest corporate holding company in the world.
- The startup plans to create new financial products based on BTC for financiers and businesses.
- Saylor believes bitcoin could reach $13 million per coin by 2045, changing how people invest in digital assets.
MicroStrategy aims to become a leading Bitcoin bank as its strategic vision unfolds. Co-Founder and Executive Chairman Michael Saylor discussed these ambitious plans in a recent interview with Bernstein analysts. As of September 2024, MicroStrategy holds 252,220 BTC valued at over $15 billion. This investment makes MicroStrategy the largest corporate holder of Bitcoin worldwide.
Saylor's Perspective on Bitcoin
Michael Saylor positions Bitcoin as the best asset of the 21st century. He asserts that the token's serves as a revolutionary form of digital capital. He points out its role as a hedge against inflation and a method for long-term value storage. Its volatility attracts investors who seek substantial returns. Saylor maintains that Bitcoin will become crucial for both institutional and retail investments over time.
Under Saylor’s leadership, MicroStrategy has pursued an aggressive acquisition approach. He envisions the firm evolving into a huge financial institution that could manage hundreds of billions in Bitcoin assets. Saylor describes plans to create diverse Bitcoin capital market instruments such as equity, convertible bonds, fixed income, and preferred shares. Thus, MicroStrategy aims to redefine its role in the financial services landscape.
Future Value Projections and Growth Strategy
Saylor makes bold predictions regarding Bitcoin's future value. He believes Bitcoin could reach $13 million per coin by 2045. This projection would mean Bitcoin accounts for about 7% of global financial capital. Saylor’s outlook aligns with MicroStrategy’s plan to raise capital through various means, including debt, equity, and other financial instruments within U.S. capital markets. He describes the firm’s debt strategy as “infinitely scalable,” which would allow for ongoing Bitcoin acquisitions.
Since 2020, the organization has aggressively pursued Bitcoin purchases. The firm pays for these acquisitions through a blend of debt and equity. Recently, it acquired an additional 7,420 BTC, increasing its total to 252,220 BTC by the end of September. With a total acquisition cost of $9.9 billion and current debt around $3 billion, MicroStrategy is positioned for future purchases.
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