Michael Saylor Reveals Strategy's $100 Billion Bitcoin Plan
Michael Saylor is betting on Bitcoin again. In a recent interview with CNBC, he hinted that Strategy could eventually buy up to 1.5 million Bitcoins.
This shows that Saylor strongly believes in Bitcoin as the ultimate store of value and it is a sign that he is not slowing down.
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Strategy's $100 Billion Bitcoin Vision
Strategy (formerly Microstrategy) is the largest Bitcoin holder, with a whopping 628,791 BTC, or about 3% of the total Bitcoin supply that will ever exist. Executive Chairman Michael Saylor has suggested that Strategy could one day hold as much as 1.5 million BTC, worth more than $100 billion at current prices.
“I don't think we're going to get it all. I don't think a 3 to 7 percent increase is too much ,” he said.
Bitcoin is the “digital capital” at the core of a unique business model, Saylor said.
The company uses a unique model where Bitcoin is stored and preferred shares are issued based on that Bitcoin. This reduces volatility for investors and provides returns. The recent $500 million stock offering was raised to $2.5 billion due to high demand, making it the largest public offering of the year so far.
Bitcoin Treasuries Are Going Global
While Strategy holds a 3% stake, Saylor welcomes the growth of the Bitcoin treasury investment movement. “There are now 160 public companies leveraging Bitcoin, up from just 60 last year,” he said. Companies from Japan, France, the UK and the US are joining the wave, including MetaPlanet, Capital B, Smarter Web and Pompliano’s 21 companies.
Saylor said Bitcoin is gradually replacing traditional stores of value such as foreign real estate, public equity and even gold.
He also pointed out that companies like Apple and Microsoft are restricted from buying each other's stock or the S&P 500 in general. So instead, they buy back their own stock or now they turn to Bitcoin.
MSTR Earnings Soar, Institutions Accumulate BTC
Strategy beat expectations this quarter, posting earnings of $32.52 a share, 35,000% higher than the forecast of -$0.09. This shows that Saylor's bold strategy is clearly paying off.
Other institutions continue to accumulate Bitcoin as well. Coinbase CEO Brian Armstrong just confirmed that they added 2,509 BTC in Q2 alone. This puts Coinbase in the top 10 publicly traded companies holding Bitcoin, surpassing Tesla.
Metaplanet recently revealed plans to raise $3.73 billion through preferred stock to fund its bold goal of mining 210,000 BTC of Bitcoin by 2027.
It's clearer than ever – the wave of enterprise Bitcoin adoption is growing stronger and Strategy is leading the way!