Key Points
- Michael Saylor, an advocate for Bitcoin, discusses the cryptocurrency’s long-term value and adoption.
- MicroStrategy, Saylor’s company, continues to lead in Bitcoin investment with substantial acquisitions and capital market initiatives.
Michael Saylor on Bitcoin
Michael Saylor has consistently supported Bitcoin (BTC), even during periods of bearish market activity. His commitment to Bitcoin remains strong, especially now that the cryptocurrency recently reached the $100K milestone. Saylor shared his insights on this achievement, stating that reaching a six-figure level sends a strong message – Bitcoin is here to stay.
Saylor explained that Bitcoin has evolved through various phases since its inception. Initially, BTC’s identity and viability were subjects of intense debate and uncertainty. The Blocksize Wars further complicated its understanding, as different factions fought over its true purpose. Between 2020 and 2024, the focus shifted to Bitcoin’s acceptance by institutions, governments, and traditional markets.
MicroStrategy’s Commitment to Bitcoin
MicroStrategy, led by Saylor, has shown its commitment to Bitcoin through significant capital market initiatives. The company issued a $21 billion equity shelf registration and a $21 billion fixed-income plan, setting a new benchmark in the financial world. Recently, MicroStrategy also acquired an additional 21,550 Bitcoins, bringing its total holdings to 423,650 BTC, valued at $25.6 billion. This strategic move emphasizes the company’s belief in Bitcoin as a core asset.
Despite Bitcoin reaching $100,000, Saylor dismissed the idea that it has become too expensive. He emphasized his focus on long-term investment, regardless of short-term fluctuations. Saylor stated, “I’m gonna keep buying,” adding that he would continue purchasing Bitcoin even if it reached a million dollars a coin.
Currently, Bitcoin continues its upward trajectory, trading at $100,378.15. On the other hand, MicroStrategy’s MSTR stock faced a decline of 4.67%, closing at $392.19.