In a recent interview, Michael Saylor, the founder and executive chairman of MicroStrategy, confirmed that the company is aiming to become a leading financial institution by leveraging the growth of Bitcoin to dominate the digital asset market.
JUST IN: ⚡️Michael Saylor says MicroStrategy’s endgame is to be the leading bitcoin bank and become a TRILLION-DOLLAR company. pic.twitter.com/gsfNPr76pI
— Bitcoin Archive (@BTC_Archive) October 11, 2024
MicroStrategy’s stock (MSTR) has surged over 10% in the past 24 hours to reach $205, its highest level since March 2020. This increase is largely driven by investor anticipation of the company’s plan to transition into a “Bitcoin bank.” Saylor stated that MicroStrategy will raise capital from various sources, particularly through debt and equity instruments, to further invest in Bitcoin.
Currently, MicroStrategy is the largest public holder of Bitcoin, with a total of 252,220 BTC valued at approximately $15 billion. The company recently acquired an additional 7,420 BTC, further strengthening its position in the market.
Saylor predicts that if MicroStrategy holds between $100-150 billion in Bitcoin, the company’s valuation could reach $300-400 billion, and potentially exceed trillions as Bitcoin becomes a dominant global asset.
According to Saylor, Bitcoin is “the best-performing asset of the 21st century,” serving as a highly effective “hedge against inflation” and a superior long-term store of value. He believes that Bitcoin’s volatility attracts investors seeking high returns, and in the future, it will become a critical component in the portfolios of both individuals and institutions.
Saylor envisions MicroStrategy as a Bitcoin bank, offering financial products based on Bitcoin across sectors like equity, convertible bonds, and fixed income. He believes Bitcoin will eventually constitute a significant portion of global investment portfolios, increasing from the current 0.1% to around 7%, which could drive Bitcoin’s price to $13 million by 2045.
He emphasized that MicroStrategy’s strategy is to bridge traditional capital markets with the Bitcoin market, creating a new financial model that allows investors to easily gain exposure to the asset’s growth.
While MicroStrategy’s strategy comes with risks, particularly the extreme volatility of Bitcoin, Michael Saylor remains highly optimistic about the long-term potential of the asset. He believes that the company’s large-scale Bitcoin acquisition strategy, coupled with the use of financial leverage, will propel MicroStrategy to a trillion-dollar valuation in the future, similar to tech giants like Apple, Microsoft, or Amazon.
Related news: MicroStrategy Announces $700 Million Bond Offering to Acquire More Bitcoin
