- Michael Saylor mentioned Bitcoin represents the “greatest digital transformation of the 21st century”
- Saylor believes it “makes sense” for Microsoft to purchase and maintain Bitcoin reasonably than purchase inventory again or maintain bonds
- Over the previous 5 years, Saylor mentioned that Microsoft has surrendered tons of of billions of {dollars} of capital
Michael Saylor has advised Microsoft that Bitcoin is the most effective asset an organization ought to personal, claiming it represents the “greatest digital transformation of the 21st century.”
Taking to X, Saylor, CEO of MicroStrategy, posted a three-minute video tagging Satya Nadella, Microsoft’s chair and CEO, and its board of administrators. In the video, Saylor mentioned:
“Microsoft can’t afford to miss the next technology wave, and Bitcoin is the next wave. Bitcoin represents the greatest digital transformation of the 21st century; it represents digital capital.”
Talking about long-term capital, Saylor famous that danger – together with common taxes, politics, recession, regulation, conflict, and the climate – is destroying over $10 trillion in capital every year.
Because of this, buyers are turning their consideration to digital capital, corresponding to Bitcoin, to keep away from these dangers. In Saylor’s view, “it makes sense” for Microsoft to purchase and maintain Bitcoin reasonably than purchase again inventory or maintain bonds.
“If you’re going to outperform, you’re going to need Bitcoin,” Saylor mentioned. “You’ve surrendered hundreds of billions of dollars of capital over the past five years, and you’ve just amplified the risks that your own shareholders face. If you want to escape that vicious cycle, you’re going to need an asset without counterparty risk.”
In Saylor’s opinion, that lies with Bitcoin.
MicroStrategy is absolutely behind Bitcoin
Since August 2020, MicroStrategy has been buying Bitcoin. Since then, the corporate now holds 402,100 Bitcoin, valued at greater than $38.4 billion, in accordance to MSTR-Tracker.
Earlier this month, MicroStrategy purchased an extra 51,780 Bitcoin, valued at $4.6 billion. In a publish on X yesterday, Saylor posted that the corporate had purchased an additional 15,400 Bitcoin at $95,976 per Bitcoin.
MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR https://t.co/K3TK4msGp0
— Michael Saylor⚡️ (@saylor) December 2, 2024
