Following Microsoft’s latest a suggestion to shareholders to consider investing in Bitcoin, Michael Saylor, the founder of MicroStrategy and a prominent advocate of BTC, publicly encouraged Microsoft CEO Satya Nadella to accept the largest cryptocurrency as a means of future growth.
MicroStrategy’s Stock Rises to 25-Year High
In a post on social media platform X (formerly Twitter), Saylor said, “If you want to make the next trillion dollars for Microsoft shareholders, call me,” emphasizing the financial potential of BTC investments.
Saylor’s company, MicroStrategy, has made headlines for its aggressive Bitcoin acquisition strategy over the past four years, significantly boosting its stock value.
On Friday, MicroStrategy shares hit a 25-year high of $245, indicating a major stock rally driven directly by the BTC holding strategy.
Even Microsoft’s report on its evaluation of investing in BTC revealed that MicroStrategy’s stock has outperformed the company by an impressive 313% this year despite doing a small portion of the business.
In it reportMicrosoft noted the success of MicroStrategy’s investment approach, highlighting that its stock has seen significant gains thanks to its BTC holdings.
It is interesting that some commentators guess that Microsoft’s new focus on BTC investment may be influenced by its second largest shareholder, BlackRock, which recently entered the crypto market with the approval of their Bitcoin and Ethereum exchanges in January and July of this year respectively .
Best Bitcoin Merchant Bank?
Saylor has ambitious plans for MicroStrategy, including establishing the company as a leading Bitcoin or “merchant bank” capable of creating BTC capital market instruments, such as stocks, convertibles and fixed income products.
As before report by Bitcoinist, Saylor sees a future where MicroStrategy holds $100 billion to $150 billion in Bitcoin through these financial structures.
MicroStrategy holds more than 252,000 BTC, with an estimated value of $15.7 billion, mostly acquired through debt financing. Saylor said at the time:
This is the most valuable commodity in the world. The ultimate goal is to be the best Bitcoin bank, or merchant bank, or you can call it a BTC financial company.
Saylor’s strategy remains firm: “We just keep buying more Bitcoin,” he asserts. Do you believe that the value of BTC will increase, prediction that it could reach $13 million per coin by 2045 as it accounts for most of the world’s currency.
This idea is in stark contrast to other companies such as Tesla, which have used Bitcoin profits to finance operations or cash out.
At the time of writing, the largest cryptocurrency in the market is trading at $67,800, recording a price return of 8% in the last two weeks and more than 95% year to date.
Featured image from DALL-E, chart from TradingView.com
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