- MicroStrategy is aiming to become the leading Bitcoin bank, leveraging Bitcoin-based financial instruments for growth.
- The company’s strategy focuses on raising funds through debt and equity to continuously expand its Bitcoin holdings.
MicroStrategy founder Michael Saylor has clearly and boldly established a target for his business: MicroStrategy should become the top Bitcoin bank in the world.
Saylor wants to build a new financial ecosystem including Bitcoin-based financial instruments, including stocks, convertible stocks, and bonds, by concentrating on acquiring enormous quantities of Bitcoin.
These, he thinks, will be dependable long-term value stores and strong instruments for hedging against inflation. This audacious scheme aims to establish Bitcoin as a major player in the worldwide financial scene rather than only increase assets.
JUST IN: ⚡️Michael Saylor says MicroStrategy’s endgame is to be the leading bitcoin bank and become a TRILLION-DOLLAR company. pic.twitter.com/gsfNPr76pI
— Bitcoin Archive (@BTC_Archive) October 11, 2024
MicroStrategy Bold Expansion Strategy to Maximize Bitcoin Holdings
MicroStrategy has been on a Bitcoin buying frenzy since 2020, amassing 252,221 Bitcoins, now worth over $15 billion. Through a mix of loans, equity offers, and other financial instruments, Saylor’s long-term vision calls for expanding the company’s Bitcoin holdings even more, maybe to as much as $150 billion.
Leveraging Bitcoin’s ability to rise in value, the ultimate goal is to make MicroStrategy a trillion-dollar firm. With its price expected to grow into the millions per coin, Bitcoin is seen by him as the most valuable asset on earth.
Saylor’s strategy is unique among conventional banking institutions. Aiming for a 29 percent yearly growth rate, MicroStrategy borrows from the market to acquire more Bitcoin instead of lending any.
He plans to keep drawing money from the fixed-income market and invest in Bitcoin, which he regards as less dangerous than financing businesses or governments. Especially as Bitcoin gets more included in institutional and individual portfolios, Saylor contends this approach is a smarter and safer way to optimize returns.
Previously, according to our report, MicroStrategy added another 7,420 BTC to its already outstanding holdings in September, raising the overall value to $458.2 million.
Meanwhile, BTC is swapping hands at $62,505.65 at the time of writing; it has increased 3.01% over the last 24 hours, igniting the bullish momentum in the major crypto market.
