{"id":586354,"date":"2024-10-11T15:38:45","date_gmt":"2024-10-11T15:38:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=586354"},"modified":"2024-10-11T15:38:45","modified_gmt":"2024-10-11T15:38:45","slug":"michael-saylor-aims-to-make-microstrategy-the-leading-bitcoin-bank-with-1-trillion-valuation","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/michael-saylor-aims-to-make-microstrategy-the-leading-bitcoin-bank-with-1-trillion-valuation","title":{"rendered":"Michael Saylor Aims To Make MicroStrategy The Leading Bitcoin Bank With $1 Trillion Valuation"},"content":{"rendered":"

MicroStrategy founder and executive chairman Michael Saylor told Bernstein that the endgame for the company is to become the leading Bitcoin bank with a $1 trillion valuation.<\/span><\/p>\n

Bitcoin “is the most valuable asset in the world,” Saylor told Bernstein in a recent interview, according to an Oct. 11 research note reported by The Block<\/a>. The leading crypto “is going to go to millions [of dollars] a coin,” catapulting MicroStrategy to a “trillion dollar company,” he added. <\/span><\/p>\n

\"Bitcoin<\/p>\n

MicroStrategy Could Increase Its BTC Holdings By As Much As 10X<\/span><\/h2>\n

MicroStrategy<\/span><\/a> has been accumulating large amounts of BTC since 2020 via debt and equity offerings to maximize returns to investors. Last month, the company bought another 7,420 BTC to push its total holdings<\/a> to 252,220 coins valued at around $15 billion.<\/span><\/p>\n

The firm’s decision to accumulate BTC is based on the belief that Bitcoin is the best deflationary asset. Saylor thinks MicroStrategy will be able to increase its current BTC holdings 10-fold in the coming years as it heads for that $1 trillion valuation. <\/span><\/p>\n

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Only one of these stocks is powered by #Bitcoin<\/a>. pic.twitter.com\/sBEZKAtjWL<\/a><\/p>\n

— Michael Saylor⚡️ (@saylor) September 28, 2024<\/a><\/p><\/blockquote>\n