Michael Saylor, Executive Chairman of MicroStrategy, has once again confirmed his belief in Bitcoin, referring to the company’s approach as a fully torqued strategy. This underlines MicroStrategy's aggressive stance on cryptocurrency.
What Does “Fully Torqued” Mean?
In the context of Saylor’s statement, the term “fully torqued” indicates total commitment. Since 2020, MicroStrategy has been one of the most prominent institutional buyers of Bitcoin, accumulating over 200,000 BTC and continuing purchases regardless of market fluctuations. Saylor argues that holding cash in a time of inflation and economic instability is riskier than investing in Bitcoin.
Long-Term Vision with Bitcoin
Saylor’s strategy is rooted in the belief that Bitcoin will become the most reliable store of value. The company continues to raise capital via bonds and stock sales to acquire more Bitcoin, reinforcing this commitment.
Criticism and Opportunities for Business
Despite criticisms framing Bitcoin investments as risky, Saylor’s approach may encourage other corporations to reevaluate their treasury management strategies amid growing skepticism towards traditional financial systems.
Overall, Michael Saylor's and MicroStrategy's approach to Bitcoin represents a significant shift in business management, offering an alternative perspective on asset management in today’s economic climate.
