Following Microsoft’s recent recommendation to shareholders to consider investing in Bitcoin, MicroStrategy co-founder and prominent BTC supporter Michael Saylor has asked Microsoft CEO Satya Nadella to He publicly encouraged the adoption of the largest cryptocurrency as a vehicle for growth.
MicroStrategy stock soars to 25-year high
“If you want to make the next trillion dollars for Microsoft shareholders, give me a call,” Saylor said in a post on social media platform emphasized.
Saylor’s company, MicroStrategy, has made headlines for its aggressive Bitcoin acquisition strategy over the past four years, driving up its stock price significantly.
On Friday, MicroStrategy’s stock price reached a 25-year high of $245, reflecting a significant share price increase, particularly due to its BTC holding strategy approach.
Microsoft’s report on BTC investment evaluation also points out that MicroStrategy’s stock has outperformed the company’s stock by 313% this year, despite operating only a small portion of the business. are.
The daily chart shows the rise in MSTR stock price. Source: MSTR on TradingView.com
Microsoft noted the success of MicroStrategy’s investment approach in its report, highlighting the significant rise in stock price thanks to its BTC holdings.
Interestingly, some analysts have speculated that Microsoft’s new focus on Bitcoin investments may be influenced by its second-largest shareholder, BlackRock. BlackRock recently entered the crypto market with the approval of Spot Bitcoin and Ethereum exchange traded funds in January and July 2019. This year as well.
Major Bitcoin merchant bank?
Saylor has ambitious plans for MicroStrategy, including establishing the company as a leading Bitcoin or “merchant bank” capable of creating a variety of BTC capital market products such as stocks, convertibles, and fixed income products.
As Bitcoinist previously reported, Saylor envisions a future where MicroStrategy holds between $100 billion and $150 billion of Bitcoin through these financial structures.
MicroStrategy owns over 252,000 BTC worth approximately $15.7 billion, acquired primarily through debt financing. Sailor said at the time:
This is the world’s most valuable asset. The ultimate goal is to become a leading Bitcoin bank, or merchant bank, or BTC financial company.
Saylor’s strategy is unwavering: “We’re just going to keep buying more Bitcoin,” he asserts. He believes the value of BTC will skyrocket, predicting it could reach $13 million per coin by 2045 as Bitcoin gains a larger share of the world’s financial capital.
This perspective stands in sharp contrast to other companies like Tesla, which have used Bitcoin profits to fund operations and collect fees.
1D indicates that the price of BTC is stable between $67,000 and $68,000. Source: BTCUSDT on TradingView.com
As of this writing, the largest cryptocurrency on the market is trading at $67,800, marking a price recovery of 8% in the past two weeks and over 95% since the beginning of the year.
Featured image from DALL-E, chart from TradingView.com
