- Michael Saylor stated Bitcoin represents the “biggest digital transformation of the twenty first century”
- Saylor believes it “is sensible” for Microsoft to purchase and maintain Bitcoin fairly than purchase inventory again or maintain bonds
- Over the previous 5 years, Saylor stated that Microsoft has surrendered a whole bunch of billions of {dollars} of capital
Michael Saylor has informed Microsoft that Bitcoin is the perfect asset an organization ought to personal, claiming it represents the “biggest digital transformation of the twenty first 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. Within the video, Saylor stated:
“Microsoft can’t afford to overlook the following know-how wave, and Bitcoin is the following wave. Bitcoin represents the best digital transformation of the twenty first century; it represents digital capital.”
Speaking about long-term capital, Saylor famous that danger – together with normal taxes, politics, recession, regulation, conflict, and the climate – is destroying over $10 trillion in capital every year.
Due to this, traders are turning their consideration to digital capital, comparable to Bitcoin, to keep away from these dangers. In Saylor’s view, “it is sensible” for Microsoft to purchase and maintain Bitcoin fairly than purchase again inventory or maintain bonds.
“In case you’re going to outperform, you’re going to wish Bitcoin,” Saylor stated. “You’ve surrendered a whole bunch of billions of {dollars} of capital over the previous 5 years, and also you’ve simply amplified the dangers that your personal shareholders face. If you wish to escape that vicious cycle, you’re going to wish an asset with out counterparty danger.”
In Saylor’s opinion, that lies with Bitcoin.
MicroStrategy is totally 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 keeping with MSTR-Tracker.
Earlier this month, MicroStrategy purchased an extra 51,780 Bitcoin, valued at $4.6 billion. In a submit 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