- Michael Saylor stated Bitcoin represents “the best digital transformation of the twenty first century”
- Saylor believes it “is smart” for Microsoft to purchase and maintain Bitcoin moderately than shopping for again shares or holding bonds.
- Over the previous 5 years, Saylor stated Microsoft has given up a whole lot of billions of {dollars} of capital.
Michael Saylor informed Microsoft that Bitcoin is the perfect asset an organization ought to personal, saying it represents the “best digital transformation of the twenty first century.”
Relating to X, MicroStrategy CEO Saylor launched a three-minute video highlighting Microsoft Chairman and CEO Satya Nadella and his board. Within the video, Saylor stated:
“Microsoft can’t afford to overlook the subsequent wave of expertise, and Bitcoin is the subsequent wave. Bitcoin represents the best digital transformation of the twenty first century; this represents digital capital.
Talking about long-term capital, Saylor identified that dangers – together with common taxes, politics, recession, regulation, struggle and climate – destroy greater than $10 trillion in capital annually.
Because of this, traders are turning to digital capital, like Bitcoin, to keep away from these dangers. In accordance with Saylor, “it is smart” for Microsoft to purchase and maintain Bitcoin moderately than shopping for again shares or holding bonds.
“If you wish to outperform, you’re going to want Bitcoin,” Saylor stated. “You will have given away a whole lot of billions of {dollars} of capital over the previous 5 years and have solely amplified the dangers your personal shareholders face. If you wish to escape this vicious cycle, you’ll need an asset with no counterparty danger.
In Saylor's opinion, it is determined by Bitcoin.
MicroStrategy totally helps Bitcoin
Since August 2020, MicroStrategy has been buying Bitcoin. Since then, the corporate now holds 402,100 Bitcoins, valued at over $38.4 billion, in response to MSTR-Tracker.
Earlier this month, MicroStrategy bought a further 51,780 Bitcoins, valued at $4.6 billion. In a publish on X yesterday, Saylor posted that the corporate bought a further 15,400 Bitcoins at $95,976 per Bitcoin.
MicroStrategy acquired 15,400 BTC for round $1.5 billion at round $95,976 per #bitcoin and achieved a BTC return of 38.7% for the quarter and 63.3% year-to-date. As of 02/12/2024, we accommodate 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR https://t.co/K3TK4msGp0
– Michael Saylor⚡️ (@saylor) December 2, 2024
