As a seasoned researcher with years of experience under my belt, I find Michael Saylor’s approach to Bitcoin intriguing. His unwavering commitment to MicroStrategy’s Bitcoin strategy, regardless of market volatility, is commendable. It’s not every day you see a company chairman making strategic moves that could potentially redefine the company’s future.
Michael Saylor, the executive chairman of MicroStrategy, recently disclosed information about his own Bitcoin acquisitions during a conversation with Yahoo Finance.
Saylor also admitted a theoretical possibility of Bitcoin crashing as much as 80% at the end of this cycle, even though he said, he does not believe that scenario would play out.
Michael Saylor’s personal Bitcoin accumulation
During their discussion, the hosts addressed the topic of MicroStrategy’s approach towards Bitcoin, revealing that they consistently purchase Bitcoin, whether during market dips or even when prices surge unexpectedly.
For the last two years, Saylor’s firm has shifted its approach for acquiring funds by borrowing money via debt and using MSTR stocks as collateral to purchase more Bitcoins. The earnings from these Bitcoin investments are then distributed back to the company’s shareholders.
On the day we hit $100K on Bitcoin, my conversation with @JulesHyman touched upon advice to @stoolpresidente, cyber-manhattan, the importance of establishing a digital assets framework, the growing role of Bitcoin as the global reserve capital network, and the rationale behind a U.S. Strategic Bitcoin Reserve.
— Michael Saylor⚡️ (@saylor) December 6, 2024
As a researcher, I’ve just come across an intriguing piece of news: MicroStrategy, according to their recent tweet, has generated a staggering 63.3% yield in Bitcoin for its shareholders, translating to approximately 119,800 BTC. This substantial gain, considering Bitcoin is currently trading at around $103,000, amounts to an impressive $12.3 billion in profits this year. This makes MicroStrategy the most prosperous and rapidly expanding company on the Bitcoin Standard, as far as I can gather from the information available.
Michael Saylor pointed out to the hosts that they could check out the Saylor Tracker site, which provides updates on modifications in the company’s investment portfolio. He emphasized that this year, MicroStrategy has consistently and quite frequently made purchases.
In this context, the founder disclosed that he’s been purchasing substantial quantities of Bitcoin weekly for the past month and plans to keep investing to expand his own collection of cryptocurrencies, particularly Bitcoin.
Theoretical but unlikely scenario of 80% Bitcoin crash from Saylor
Michael Saylor, MicroStrategy’s founder, addressed speculation about a significant Bitcoin correction during the current cycle. Unlike previous years, Mr. Saylor is doubtful that Bitcoin will experience a steep decline like the one seen in the past when its value plummeted from $66,000 to $16,000 per coin – a drop of approximately 80% in the year 2022.
According to Saylor’s statement, for such an event to occur, there needed to be numerous struggling companies similar to FTX, Genesis, Celsius, and BlockFi. However, as these types of companies no longer exist in the market, he considers it extremely improbable that a similar scenario will repeat itself.
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2024-12-06 12:33