Michael Saylor said that Bitcoin represents the “biggest digital transformation of the 21st century” Saylor believes it “makes sense” to hold billions of dollars in capital, saying Microsoft has given up hundreds of dollars in assets over the past five years.
Michael Saylor told Microsoft that Bitcoin is the best asset a company should own and that Bitcoin represents “the greatest digital transformation of the 21st century.”
MicroStrategy CEO Saylor posted a three-minute video about X, tagging Microsoft Chairman and CEO Satya Nadella and the board of directors. Saylor said in the video:
“Microsoft can’t afford to miss the next wave of technology, and Bitcoin is that next wave. Bitcoin represents the greatest digital transformation of the 21st century. It represents digital capital.”
Regarding long-term capital, Thaler pointed out that more than $10 trillion of capital is destroyed each year due to risks such as general taxes, politics, recession, regulation, war, and weather.
For this reason, investors are turning to digital capital such as Bitcoin to avoid these risks. In Thaler’s view, it “makes sense” for Microsoft to buy and hold Bitcoin rather than buy back stock or hold bonds.
“If you want to outperform, you’re going to need Bitcoin,” Saylor said. “You’ve given up hundreds of billions of dollars of capital over the past five years, only increasing the risk facing your own shareholders. If you want to break out of that cycle, you need assets without counterparty risk. ”
In Thaler’s opinion, it’s Bitcoin.
MicroStrategy is fully behind Bitcoin
Since August 2020, MicroStrategy has been purchasing Bitcoin. Since then, the company now holds 402,100 Bitcoins worth more than $38.4 billion, according to MSTR-Tracker.
Earlier this month, MicroStrategy purchased an additional 51,780 Bitcoins worth $4.6 billion. In a post on X yesterday, Saylor posted that the company purchased an additional 15,400 Bitcoins at a price of $95,976 per Bitcoin.
MicroStrategy acquired 15,400 BTC at ~$95,976 per #bitcoin for ~$1.5 billion, achieving a BTC yield of 38.7% QTD and 63.3% YTD. As of December 2, 2024, it held $402,100 BTC acquired for approximately $23.4 billion at approximately $58,263 per Bitcoin. $MSTR https://t.co/K3TK4msGp0
— Michael Saylor ⚡️ (@saylor) December 2, 2024
