- Michael Saylor mentioned Bitcoin represents the “best digital transformation of the twenty first century”
- Saylor believes it “is sensible” for Microsoft to purchase and maintain Bitcoin somewhat than purchase inventory again or maintain bonds
- Over the previous 5 years, Saylor mentioned that Microsoft has surrendered a whole bunch of billions of {dollars} of capital
Michael Saylor has instructed Microsoft that Bitcoin is one of the best asset an organization ought to personal, claiming it represents the “best 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 mentioned:
“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 basic taxes, politics, recession, regulation, conflict, and the climate – is destroying over $10 trillion in capital annually.
Due to this, buyers are turning their consideration to digital capital, equivalent to Bitcoin, to keep away from these dangers. In Saylor’s view, “it is sensible” for Microsoft to purchase and maintain Bitcoin somewhat than purchase again inventory or maintain bonds.
“Should you’re going to outperform, you’re going to wish Bitcoin,” Saylor mentioned. “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 individual 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 shopping for Bitcoin. Since then, the corporate now holds 402,100 Bitcoin, valued at greater than $38.4 billion, based on MSTR-Tracker.
Earlier this month, MicroStrategy bought an additional 51,780 Bitcoin, valued at $4.6 billion. In a put up 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
