Michael Saylor’s Vision for Bitcoin
- Bitcoin hailed as the “greatest digital transformation of the 21st century”
- Saylor advocates for companies like Microsoft to invest in Bitcoin
- Highlighting the risks of traditional capital investments
Michael Saylor, the CEO of MicroStrategy, has been vocal about his belief that Bitcoin is the ultimate asset for companies to own. In a recent video addressed to Microsoft’s leadership, Saylor emphasized the transformative power of Bitcoin in the digital age.
The Case for Bitcoin Investment
Saylor argues that traditional forms of capital are subject to various risks, including taxes, politics, and economic downturns, which can erode significant amounts of wealth annually. To mitigate these risks, Saylor suggests that companies like Microsoft should consider investing in digital assets like Bitcoin.
- Bitcoin is seen as a safe haven from traditional market risks
- Long-term investment in Bitcoin is encouraged for sustainable growth
- Companies can benefit from holding Bitcoin over stocks or bonds
According to Saylor, companies that embrace Bitcoin in their investment strategy are better positioned to outperform their competitors and protect shareholder value. He believes that Bitcoin’s decentralized nature offers a unique advantage in today’s financial landscape.
MicroStrategy’s Bitcoin Acquisition
MicroStrategy, under Saylor’s leadership, has been actively acquiring Bitcoin since August 2020. The company now holds over 402,100 Bitcoin, valued at more than $38.4 billion. Recent purchases have further increased their Bitcoin holdings, signaling a strong commitment to the digital asset.
Recent Bitcoin Purchases
In a recent announcement, MicroStrategy revealed the acquisition of an additional 15,400 Bitcoin at a price of $95,976 per Bitcoin. This move demonstrates MicroStrategy’s confidence in Bitcoin’s long-term potential and its ability to generate significant returns for the company.
MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per Bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 BTC acquired for ~$23.4 billion at ~$58,263 per Bitcoin. – Michael Saylor
