MicroStrategy CEO Michael Saylor recently proposed that Apple invest $100 billion in Bitcoin during a podcast.
Proposal for Apple
On the 'Markets with Madison' podcast, Michael Saylor suggested that Apple invest $100 billion in Bitcoin instead of buying back stock. He indicated that such an investment could significantly boost the company's market capital and provide substantial returns.
MicroStrategy's Stand
MicroStrategy is leveraging digital transformation by purchasing Bitcoin and is the largest corporate holder of it. Their holdings are currently valued at $17.1 billion.
Market Impact
Saylor also noted that smaller S&P 500 companies might enhance their performance by investing in Bitcoin, closing the gap with Big Tech. MicroStrategy's stock has already soared by over 182% this year.
Michael Saylor's proposal sparks discussion on corporate investment strategies in cryptocurrency and their potential market impact.