New York, Tuesday, October 15, 2024-Michael Saylor, executive chairman of MicroStrategy, has outlined the company’s vision to become the leading bitcoin bank, projecting a future trillion-dollar valuation.
The strategy hinges on accumulating bitcoin and leveraging capital markets. Currently, MicroStrategy holds 252,220 BTC, worth over $15 billion, with a cost of around $9.9 billion.
Rather than following a traditional banking model of lending, Saylor’s approach involves borrowing funds at low rates, investing in bitcoin, and generating returns from the asset’s anticipated growth.
His “base case” scenario estimates a 29% annual return, emphasizing bitcoin as a superior form of long-term value storage.
MicroStrategy’s aggressive bitcoin acquisition began in 2020, with Saylor positioning the cryptocurrency as a revolutionary digital asset. His belief in bitcoin’s deflationary potential and long-term value has driven the company’s growth, making it the largest corporate bitcoin holder.
This vision, paired with his strategic use of debt and capital markets, sets MicroStrategy apart as a leader in bitcoin-focused financial services.
