Michael Saylor, co-founder of MicroStrategy, continues to actively accumulate Bitcoin, seeing it as digital gold. His strategy includes stocks, debts, and cryptocurrencies.
Michael Saylor's Crypto Obsession
Michael Saylor considers Bitcoin the modern equivalent of gold, with lines of code as nuggets. On December 29, he posted a chart from the SaylorTracker site, sparking speculation about a possible massive purchase. Saylor and his company currently hold 444,262 BTC, valued at around $41.4 billion. Recently, they purchased 5,200 BTC at an average price of $106,000 per unit.
MicroStrategy's Bold Strategy
MicroStrategy aims to raise $42 billion over three years through stock and bond sales. This is part of its ambitious plan to accumulate Bitcoin and grow financially. Michael Saylor envisions MicroStrategy as a hybrid financial vehicle, combining features of a tech company and a BTC hedge fund.
New Regulatory Framework for the USA
Saylor proposes creating a strategic reserve of Bitcoin to eliminate up to $81 trillion of national debt in the US. He also anticipates stablecoins enhancing the dollar's role as a global currency. This ambitious idea has raised skepticism in traditional financial circles.
Michael Saylor views Bitcoin as the digital Holy Grail, urging major companies to invest in it. His ambitions may influence the future of cryptocurrency and financial markets overall.
