Coin Bureau: Bitcoin supercharged by Saylor's strategy, offering amplified exposure, yield, and protection.

Coin Bureau: Bitcoin supercharged by Saylor's strategy, offering amplified exposure, yield, and protection.

Michael Saylor, executive chairman of MicroStrategy, has reiterated his company's strategy to accumulate Bitcoin, positioning it as a digital capital asset. In a recent interview with CNBC, Saylor emphasized that MicroStrategy does not aim to control the entire Bitcoin supply, but rather wants everyone to have a share [1]. The company currently holds 628,791 Bitcoin, approximately 3% of the total supply, and has raised $2.5 billion in its latest stock offering to buy more [1].

Saylor's vision for Bitcoin is to accumulate digital capital and issue digital credit, similar to preferred stocks, against that capital. This strategy involves structured offerings that cater to different investor types, including equity-like products, hedge funds, and high-yield savings accounts [1]. MicroStrategy has executed four IPOs this year, with the latest raising $2.5 billion, the largest IPO of the year [1].

The company's Bitcoin holdings are valued at an average of $73,000 per coin, and MicroStrategy aims to refine these holdings into securities that conventional investors can digest based on their risk tolerance and duration interest [1]. Saylor believes that Bitcoin is replacing traditional stores of value, such as cash and treasuries, and that companies like Apple or Microsoft should hold Bitcoin instead of fiat currencies to create shareholder value [1].

Despite holding nearly 630,000 Bitcoin, MicroStrategy does not intend to corner the market. Saylor noted that 97% of the Bitcoin supply is owned by others, and the company started its Bitcoin journey when the price was $10,000 [1]. He also emphasized that fiat currency is no longer where smart money goes, suggesting that investors should diversify their portfolios to include digital assets like Bitcoin [1].

References:

[1] https://www.cryptopolitan.com/saylor-doesnt-want-to-control-bitcoin-supply/