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Strategy Does Not Want to Own All of Bitcoin, Says Michael Saylor

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by Giorgi Kostiuk

9 hours ago

On CNBC, Michael Saylor outlined his company's strategy regarding Bitcoin ownership and shared insights on the current market situation.

Michael Saylor on Bitcoin Ownership

During the CNBC interview, former MicroStrategy CEO Michael Saylor emphasized that Strategy is not looking to own all of Bitcoin. "We want everybody else to have their piece," Saylor added.

Bitcoin Treasury Movement

Saylor noted that currently 160 companies are capitalizing on Bitcoin, stating that "the Bitcoin treasury movement is exploding." Public companies hold a total of 955,048 Bitcoins, constituting 4.55% of the total supply. Saylor asserts that Bitcoin is "demonetizing" other asset classes like foreign real estate and gold.

Company's IPO Strategy

Saylor recalled that his company executed four initial public offerings (IPOs) this year. Earlier this week, the company wrapped up its "Stretch" IPO, raising an impressive $2.52 billion. Saylor mentioned that "Stretch" is the company's most exciting product to date.

Michael Saylor's appearance on CNBC provided a clear insight into Strategy's approach to Bitcoin and the current IPO market activities.

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