- Michael Saylor Says Bitcoin Represents “The Biggest Digital Transformation of the twenty first Century”
- Saylor believes it “is smart” for Microsoft to purchase and maintain bitcoins relatively than purchase shares or maintain bonds
- Over the previous 5 years, Saylor mentioned, Microsoft has given up a whole lot of billions of {dollars} in capital
Michael Saylor has informed Microsoft that bitcoin is the most effective asset the corporate ought to personal, claiming it represents the “largest digital transformation of the twenty first century.”
Saylor, CEO of MicroStrategy, launched a three-minute video interview with X with Satya Nadella, the chairman and CEO of Microsoft, and its board of administrators. Within the video, Saylor mentioned:
“Microsoft can’t afford to overlook the subsequent wave of know-how, and Bitcoin is the subsequent wave. Bitcoin represents the best digital transformation of the twenty first century; represents digital capital.”
Talking of long-term capital, Saylor famous that danger — together with basic taxes, politics, recessions, regulation, warfare and climate — destroys over $10 trillion in capital every year.
Due to this, traders are turning their consideration to digital capital like Bitcoin to keep away from these dangers. In Saylor's view, it “is smart” for Microsoft to purchase and maintain bitcoins relatively than purchase again shares or maintain bonds.
“If you wish to outperform, you're going to want bitcoin,” Saylor mentioned. “Over the previous 5 years, you’ve got given up a whole lot of billions of {dollars} in capital and solely elevated the dangers dealing with your personal shareholders. If you wish to escape this vicious circle, you have to an asset with out counterparty danger.”
In accordance with Saylor, it lies in Bitcoin.
MicroStrategy is absolutely behind Bitcoin
As of August 2020, MicroStrategy has been shopping for Bitcoins. Since then, the corporate now holds 402,100 bitcoins price greater than $38.4 billion, in line with MSTR-Tracker.
Earlier this month, MicroStrategy bought a further 51,780 bitcoins price $4.6 billion. In a put up on X yesterday, Saylor disclosed that the corporate purchased a further 15,400 bitcoins at $95,976 per bitcoin.
MicroStrategy raised 15,400 BTC for about $1.5 billion for about $95,976 for #bitcoin and achieved a BTC return of 38.7% QTD and 63.3% YTD. As of December 2, 2024, we’ve got 402,100 $BTC raised for ~$23.4 billion for ~$58,263 per bitcoin. $ MSTR https://t.co/K3TK4msGp0
— Michael Saylor⚡️ (@saylor) December 2, 2024
