According to a recent The Block report, in a recent Bernstein interview, Michael Saylor, founder and executive chairman of MicroStrategy, outlined the company’s vision to become the leading bitcoin bank. Since 2020, MicroStrategy has aggressively acquired bitcoin, amassing 252,220 BTC, currently valued at over $15 billion. This makes them the largest corporate bitcoin holder, controlling 1.2% of bitcoin’s total 21 million supply. To achieve this, MicroStrategy has leveraged debt and equity to fund its purchases, a strategy that has outperformed many traditional investments.

Saylor considers bitcoin the top-performing asset of the 21st century, viewing it as a revolutionary form of digital capital and a powerful hedge against inflation. He sees bitcoin’s volatility as a magnet for high-return-seeking investors, and over time, he expects it to become a core component of institutional and retail portfolios. Under his leadership, MicroStrategy aims to create bitcoin capital market instruments, such as equity, convertibles, and debt, transforming itself into a major bitcoin finance company.

MicroStrategy’s strategy is based on a long-term belief in bitcoin as the best deflationary money, with Saylor predicting its price could reach $13 million by 2045. The firm has no plans to lend its bitcoin, unlike traditional banks, and instead prefers to borrow funds and invest in bitcoin, seeing this approach as safer and more lucrative. Saylor believes this model is scalable, expecting to raise significant capital as bitcoin’s value grows, ultimately building a trillion-dollar company.

Saylor has encouraged other companies, particularly in the crypto space, to adopt bitcoin as a treasury reserve asset, asserting that firms like bitcoin miners and exchanges can benefit from holding bitcoin on their balance sheets.

Resources:

The Block