MicroStrategy, the world’s largest corporate holder of Bitcoin (BTC), has grown from $1.5 billion to more than $40 billion in market capitalization in just four years. Co-founder and executive chairman Michael Saylor attributes this rapid growth to the company’s approach to integrating Bitcoin with traditional financial markets.
“MicroStrategy is opening up new markets and issuing securities backed by digital capital,” Thaler said in a recent interview with the New Zealand Herald. He said the company’s “investors are pro-Bitcoiners” and that “if you’re a Bitcoiner, you think Bitcoin is going to go up forever with some volatility (…). So if you want “This is an increase in Bitcoin per share.”
“MicroStrategy’s real business is to be the primary issuer of securities to acquire Bitcoin, and as we acquire Bitcoin, the scarcity of Bitcoin increases,” Saylor concluded. Ta.
Originally an enterprise software company, MicroStrategy currently owns 252,220 Bitcoins worth approximately $16 billion (more than 1% of all Bitcoins ever mined). MicroStrategy has since reinvented itself as a Bitcoin development company, working on decentralized identity protocols while finding new ways to blend Bitcoin and traditional finance.
Despite some traders shorting the stock because the company’s valuation is 2.5 times Bitcoin assets, Saylor is not concerned.
“When I was younger, I was worried that people would short my stocks. That’s not the case anymore. “We’re just offering a set of institutional investments that can be made,” he said. It can be long, short, or hedged. ”
Saylor also highlighted the role MicroStrategy plays in bridging traditional finance and digital assets. “If we didn’t exist, billions of dollars from traditional financial markets would never be invested in Bitcoin,” he added.
The company issued convertible debt using its Nasdaq-listed stock to finance additional Bitcoin acquisitions. Some have called this strategy the “infinite funds flaw,” but Thaler disputed this characterization.
“This is not a funding glitch. This is a digital transformation of capital markets,” he said.
Earlier this month, Saylor also said MicroStrategy aims to become a “Bitcoin bank” with a potential valuation in the trillions of dollars. He explained that the company will create capital market products related to Bitcoin that it can offer to investors.
Edited by Andrew Hayward
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