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MicroStrategy founder and CEO Michael Saylor told Bernstein that the company's goal is to become the leading bitcoin bank with a $1 trillion valuation.
bitcoin “is the most valuable asset in the world,” Saylor told Bernstein in a recent interview, according to an Oct. 11 research note. bitcoin-bank-michael-saylor-bernstein”>reported by The Block. The leading cryptocurrency “is going to reach millions (of dollars) per coin,” catapulting MicroStrategy into a “trillion-dollar company,” he added.
<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/10/Michael-Saylor-Aims-to-Make-MicroStrategy-Leading-Bitcoin-Bank-at.jpeg" alt="bitcoin Bull Michael Saylor Makes $700 Million in 3-Day crypto Profits”/>
MicroStrategy could increase its btc holdings by up to 10 times
Microstrategy has been accumulating large amounts of btc since 2020 through debt and equity offerings to maximize returns for investors. Last month, the company purchased another 7,420 btc to increase its total. holdings to 252,220 coins valued at around $15 billion.
The company's decision to accumulate btc is based on the belief that bitcoin is the best deflationary asset. Saylor believes MicroStrategy will be able to 10x its current btc holdings in the coming years as it heads toward that $1 trillion valuation.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”4.7751937984496″>
Only one of these actions is driven by twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin. pic.twitter.com/sBEZKAtjWL
—Michael Saylor (@saylor) twitter.com/saylor/status/1840101562024120349?ref_src=twsrc%5Etfw”>September 28, 2024
“If we end up with $20 billion in conversions, $20 billion in preferred stock, $10 billion in debt and, say, $50 billion in some type of debt instrument and structural instrument, we will have between 100 billion and 150 billion of dollars in capital. bitcoin”he told Bernstein.
With additional “volatility and ARR,” the MicroStrategy founder believes the company could trade at a 100% premium to the potential $150 billion btc reserves that Saylor wants to build. From then on, his goal is to turn the company into a $300 billion to $400 billion company “with the largest options market” and “the largest equity market.”
Michael Saylor calls bitcoin a “trillion-dollar asset class”
When asked how scalable MicroStrategy's debt strategy is, Saylor responded by saying it is “infinitely scalable.” He added that he doesn't foresee any problems raising another $100 billion in capital before an additional $200 billion thereafter.
bitcoin is a “trillion-dollar asset class going to $10 trillion and then $100 trillion,” he said.
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