Following Microsoft’s recent release application to shareholders to consider investing in Bitcoin, Michael Saylor, co-founder of MicroStrategy and a prominent supporter of BTC, publicly encouraged Microsoft CEO Satya Nadella to utilize the largest cryptocurrency as a vehicle for future growth.
MicroStrategy shares hit a 25-year high
In post on social media platform
Saylor’s company, MicroStrategy, has made headlines for its aggressive Bitcoin acquisition strategy over the past four years, significantly increasing its stock price.
On Friday, MicroStrategy shares hit a 25-year high of $245, reflecting significant share price growth particularly driven by its strategic approach to BTC holdings.
Even Microsoft’s BTC investment evaluation report indicated that MicroStrategy’s stock has outperformed the company’s stock this year by an impressive 313%, despite only doing a fraction of the business.
In his own reportMicrosoft noted the success of MicroStrategy’s investment approach, highlighting that its shares have seen significant gains thanks to its BTC holdings.
Interestingly, some analysts speculate that Microsoft’s novel focus on BTC investments may be influenced by its second-largest shareholder company, BlackRock, which recently entered the cryptocurrency market following the approval of their Bitcoin and Ethereum spot funds in January and July this year, respectively.
Leading Bitcoin Trading Bank?
Saylor has ambitious plans for MicroStrategy, including establishing the company as a leading Bitcoin or “merchant bank” capable of creating a variety of BTC capital market instruments such as equities, convertible bonds and fixed income products.
As before reported by Bitcoinist Saylor predicts a future where MicroStrategy will hold between $100 and $150 billion worth of Bitcoin through these financial structures.
MicroStrategy owns over 252,000 BTC worth approximately $15.7 billion, acquired primarily through debt financing. Saylor then stated:
It’s the most valuable thing in the world. The ultimate goal is to be a leading Bitcoin bank or merchant bank, or you can call it a BTC finance company.
Saylor’s strategy remains unwavering: “We just buy more Bitcoin,” he insists. He believes that the value of BTC will raise, anticipation that it could reach $13 million per coin by 2045 as it takes a larger share of global financial capital.
This perspective contrasts sharply with other companies, such as Tesla, that have used Bitcoin profits to fund operations or collect fees.
At the time of writing, the largest cryptocurrency on the market is trading at $67,800, seeing a price raise of 8% in the last two weeks and over 95% year-to-date.
Featured image from DALL-E, chart from TradingView.com
