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Michael Saylor Aims To Make MicroStrategy The Leading Bitcoin Bank With $1 Trillion Valuation
Release: 2024/10/11 23:39 Reading: 698
MicroStrategy's Endgame: Becoming the Trillion-Dollar Bitcoin Bank
Executive Summary
MicroStrategy's founder and executive chairman, Michael Saylor, envisions the company becoming the leading Bitcoin bank, with a trillion-dollar valuation.
Key Points
- Saylor believes Bitcoin is the world's most valuable asset and will rise to "millions [of dollars] a coin."
- MicroStrategy has been aggressively acquiring Bitcoin since 2020, accumulating 252,220 coins worth $15 billion.
- The company plans to increase its Bitcoin holdings tenfold, based on the belief that Bitcoin is the ultimate deflationary asset.
- Saylor predicts that MicroStrategy will eventually trade at a 100% premium to its potential $150 billion Bitcoin reserves.
- He aims to transform the firm into a $300-$400 billion company with the largest options and equity markets.
- Saylor describes Bitcoin as a "trillion-dollar asset class" with the potential to grow exponentially.
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