In a significant recognition of the growing impact of the cryptocurrency market and its flagship resource, Bitcoin (BTC), Michael Saylor, co -founder of Microstrategy, decorate the cover of Forbes magazine.
Functional article, published today, the Chronicle of Saylor’s travel towards the construction of what some call their company Proxy Bitcoin, a vision that was powered by the continuous investments of his company in BTC.
Michael Saylor’s Bitcoins Empire
. article He emphasizes the key moment in the cryptocurrency landscape: last year, after Bitcoin ETFS approval in the USA (SEC) of the Securities and Stock Exchange Commission (SEC), Bitcoin price increased, more than twice doubles within 12 months and breaking the critical $ 100,000 at the beginning of December .
This growth coincided with the entry of Microstrategy to Nasdaq 100, further demand for his reserves, which increased rapidly by more than 700% last year.
The company now has 471 107 Bitcoin supplies, strengthening its position as the largest owner outside of Satoshi Nakamoto, who, as he believes, has about 1 million tokens.
Michael Saylor’s personal wealth also recorded a dramatic growth, rising from $ 1.9 billion to $ 9.4 billion in just over a year. Saylor commented in his interview for Forbes:
People think it’s crazy. How can such a diminutive company have such liquidity? This is because we have placed a cryptographic reactor in the middle of the company, draw in capital, and then turn it. This puts volatility in its own capital, and this makes our options and replacement bonds the most intriguing and highest achievement on the market.
Forbes curse?
Michael Saylor expresses a clear advantage in replacement bonds issued by Microstrategy, which brought impressive results from 2021. Six spare banknotes of the company, maturing from 2027 to 2032, assess interest rates from 0% to 2.25%.
On the bond market, it is increasingly starving profits due to the growth of a private loan, Microstrategy bonds stand out as an attractive vehicle for institutional investors who want to enter the digital asset space. In particular, these bonds have provided returns exceeding 250% since their issue.
However, Saylor is very aware of the risk. “If the price of Bitcoins drops, Microstrategy reserves will drop more than the token itself,” he warns.
However, Michael Saylor remains undetermined. His company put up as “the first in the world and the greatest Bitcoin treasure”, a title that reflects not only ambitions, but a strategic turn, which many begin to emulate.
Despite the significant development for the industry, the last outstanding number of the cryptographic industry honored the Forbes cover, preceded a significant disaster: the appearance of a bankman-fried shortly before the fall of FTX in 2022.
If there are any problems with the actions of Michael Saylor or MicroStrategy, repercussions can be significant. Such events can lead to a rapid decrease in Bitcoin price and negatively affect the wider cryptocurrency market.
Considering the position of MicroStrategy as one of the largest Bitcoin owners, all negative messages can cause panic and erosion of investors trust, potentially causing a cascade effect in various digital resources.
Highlified Forbes painting, chart from tradingview.com
