After the recent Microsoft an offer For shareholders to consider investing in Bitcoin, Michael Saylor, co-founder of MicroStrategy and a prominent BTC advocate, has publicly encouraged Microsoft CEO Satya Nadella to embrace the largest cryptocurrency as a vehicle for future growth.
MicroStrategy stock rose to its highest level in 25 years
In a Post on social media Platform
Saylor’s company, MicroStrategy, has made headlines for its aggressive Bitcoin acquisition strategy over the past four years, which has significantly boosted its stock price.
On Friday, MicroStrategy shares hit a 25-year high of $245, reflecting a significant stock rally driven specifically by the strategy’s approach to BTC holdings.
Even Microsoft’s report on its BTC investment valuation noted that MicroStrategy shares have outperformed the company’s stock by a staggering 313% this year despite doing only a small portion of the business.
In it a reportMicrosoft pointed to the success of MicroStrategy’s investment approach, stressing that its shares witnessed significant gains thanks to its Bitcoin holdings.
It is interesting that some analysts Prognosis Microsoft’s new focus on investing in Bitcoin may be influenced by its second-largest shareholder, BlackRock, which recently entered the cryptocurrency market by approving its Bitcoin and Ethereum exchange-traded funds in January and July of this year, respectively.
Leading Bitcoin merchant bank?
Saylor has ambitious plans for MicroStrategy, including establishing the company as a leading bitcoin bank or “merchant bank” capable of creating many bitcoin-specific capital market instruments, such as equities, remittances, and fixed income products.
Ditto I mentioned By Bitcoinist, Saylor envisions a future where MicroStrategy holds $100 billion to $150 billion worth of Bitcoin through these financial structures.
MicroStrategy owns more than 252,000 bitcoins, worth approximately $15.7 billion, largely acquired through… Debt financing. Saylor stated at the time:
This is the most valuable asset in the world. The ultimate goal is to become the leading Bitcoin bank, merchant bank, or you can call it a BTC financial company.
Saylor’s strategy remains consistent: “We keep buying more bitcoin,” he stresses. He believes that the value of BTC will rise, Prediction It could reach $13 million per currency by 2045 as it commands a larger share of global financial capital.
This perspective contrasts sharply with other companies such as Tesla, which has used Bitcoin gains for operational funding or to extract fees.
At the time of writing, the largest cryptocurrency on the market is trading at $67,800, recording a price recovery of 8% in the past two weeks and more than 95% year-to-date.
Featured image of DALL-E, chart from TradingView.com
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